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1p31 Anentityneednotprovideaspecifcdisclosurerequiredbyan
IFRS if the information is not material.
1p36 (a),(b) 11. Where an entity has changed the end of its reporting period and
preparesfnancialstatementsforaperiodoflessthanormore
thanoneyear,disclose:
(a) theperiodcoveredbythefnancialstatements;
(b) thereasonforusingalongerorshorterperiod;and
(c) thefactthatamountspresentedinthefnancialstatements
are not entirely comparable.
10p17 12.Includethefollowinginthenotestothefnancialstatements:
(a)thedatewhenthefnancialstatementswereauthorisedfor
issue;
(b) thebodywhogavethatauthorisation;and
(c)whethertheentity’sownersorothershavethepowerto
amendthefnancialstatementsafterissue.
2. Presentation and functional currency

21p53 1. When the presentation currency is different from the functional
currency,statethatfact,togetherwithdisclosureofthe
functional currency and the reason for using a different
presentation currency.
21p54 2. When there is a change in the functional currency of either the
reportingentityorasignifcantforeignoperation,disclosethat
fact and the reason for the change in functional currency.
21p55 3. Ifpresentingfnancialstatementsinacurrencythatisdifferent
fromthefunctionalcurrency,describethefnancialstatements
ascomplyingwithIFRSonlyiftheycomplywithallthe
requirementsofeachapplicablestandardandeachapplicable
interpretation including the translation method set out in IAS 21
paras39and42.
21p56 4. Anentitysometimespresentsitsfnancialstatementsorother
fnancialinformationinacurrencythatisnotitsfunctional
currencywithoutapplyingthetranslationmethodssetoutin
IAS21paras39and42.Forexample,anentitymayconvert
onlyselecteditemsfromitsfnancialstatementsintoanother
currency;or,anentitywhosefunctionalcurrencyisnotthe
currencyofahyperinfationaryeconomymayconvertthe
fnancialstatementsintoanothercurrencybytranslatingall
itemsatthemostrecentclosingrate.Suchconversionsarenot
inaccordancewithIFRS,andthedisclosuressetoutinIAS
21para57arerequired(seebelow).
21p57 5. Ifpresentingfnancialstatementsorotherfnancialinformation
in a currency that is different from either the functional currency
orthepresentationcurrencywithoutapplyingthetranslation
methodssetoutinIAS21paras39and42:
(a) clearlyidentifytheinformationassupplementaryinformation
to distinguish it from the information that complies
withIFRS;
(b)disclosethecurrencyinwhichthesupplementary
informationisdisplayed;and
(c)disclosetheentity’sfunctionalcurrencyandthemethodof
translation used to determine the supplementary
information.
3. Otherdisclosures
1p112(a),(b), 1. Disclose in the notes:
(c) (a) informationaboutthebasisofpreparationofthefnancial
statementsandthespecifcaccountingpoliciesused;
(b)theinformationrequiredbyIFRSsthatisnotpresented
elsewhereinthefnancialstatements;and
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10p19 8. Ifanentityreceivesinformationafterthebalancesheetdate
aboutconditionsthatexistedatthebalancesheetdate,
update the disclosures that relate to those conditions in the
lightofthenewinformation.

12.Natureandextentofrisksarisingfromfnancialinstruments
IFRS7p31 Discloseinformationthatenablesusersofthefnancial
statementstoevaluatethenatureandextentofrisksarising
fromfnancialinstrumentstowhichtheentityisexposedatthe
reporting date.
IFRS7 The disclosures required by IFRS 7 paras 31-42 should either
AppdxB6 be given in the fnancial statements or incorporated by cross-
reference from the fnancial statements to some other
statement, such as a management commentary or risk report,
that is available to users of the fnancial statements on the
same terms as the fnancial statements and at the same time.
Without the information incorporated by cross-reference, the
fnancial statements are incomplete.
IFRS7p32 ThedisclosuresrequiredbyIFRS7para33-42focusonthe
risksthatarisefromfnancialinstrumentsandhowtheyhave
beenmanaged.Theseriskstypicallyinclude,butarenotlimited
to,creditrisk,liquidityriskandmarketrisk.
13.Qualitativedisclosures

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Disclosurechecklist2009–SectionA8
Basethesedisclosuresontheinformationprovidedinternallyto
theentity’skeymanagementpersonnel.
1p136 An entity may manage capital in a number of ways and
be subject to a number of different capital requirements.
For example, a conglomerate may include entities that
undertake insurance activities and banking activities, and those
entities may also operate in several jurisdictions. When an
aggregate disclosure of capital requirements and how capital is
managed would not provide useful information or distorts
a fnancial statement user’s understanding of an entity’s capital
resources, the entity should disclose separate information for
each capital requirement to which the entity is subject.
1p80A(a) 5. Ifanentityhasreclassifedaputtablefnancialinstrument
classifedasanequityinstrumentbetweenfnancialliabilities
andequity,disclose:
(a) theamountreclassifedintoandoutofeachcategory
(fnancialliabilitiesorequity);and
(b) thetimingandreasonforthatreclassifcation.
1p136A 6. Discloseforputtablefnancialinstrumentsclassifedasequity
instruments(totheextentnotdisclosedelsewhere):
1p136A(a) (a) summaryquantitativedataabouttheamountclassifedas
equity;
1p136A(b) (b) itsobjectives,policiesandprocessesformanagingits
obligationtorepurchaseorredeemtheinstrumentswhen
requiredtodosobytheinstrumentholders,includingany
changesfromthepreviousperiod;
1p136A(c) (c) theexpectedcashoutfowonredemptionorrepurchaseof
thatclassoffnancialinstruments;and
1p136A(d) (d) informationabouthowtheexpectedcashoutfowon
redemptionorrepurchasewasdetermined.
1p136A(b) 7. Ifanentityhasreclassifedaninstrumentthatimposesonthe
entityanobligationtodelivertoanotherpartyaprorata
shareofthenetassetsoftheentityonlyonliquidationandis
classifedasanequityinstrumentbetweenfnancialliabilities
andequity,disclose:
(a) theamountreclassifedintoandoutofeachcategory
(fnancialliabilitiesorequity);and
(b) thetimingandreasonforthatreclassifcation.
1p136A(a),(b) 8. Discloseinrelationtodividends:
(a) theamountofdividendsproposedordeclaredbefore
thefnancialstatementswereauthorisedforissuebutnot
recognisedasadistributiontoownersintheperiod,andthe
relatedamountpershare;and
(b)theamountofanycumulativepreferencedividendsnot
recognised.
16.Financialguarantees
Amendments to IAS 39 and IFRS 4, Financial Guarantee
Contracts, was issued in August 2005.
The issuer of fnancial guarantee contracts may elect to apply
either IFRS 4 (if the entity has previously asserted explicitly
that it regards such contracts as insurance contracts and has
used accounting applicable to insurance contracts) or IAS 39
for measurement of fnancial guarantee contracts.
If the entity elects to apply IFRS 4, it should comply with IFRS 4
disclosure requirements to such contracts (refer to Section E).
If the entity elects to apply IAS 39 for measurement of fnancial
guarantee contracts, it should comply with IFRS 7 disclosure
requirements for these contracts.
59
A9 Non-current assets held for sale and discontinued
operations
The following disclosures are required when an entity has non-
current assets held for sale and/or discontinued operations as
defned by IFRS 5.
IFRS5p38 1. Present separately from other assets in the balance sheet a
1p55 non-currentassetclassifedasheldforsaleandtheassetsofa
disposalgroupclassifedasheldforsale(withincurrentassets).
IFRS5p38 2. Do not offset the assets and liabilities of a disposal group and
1p55 do not present as a single amount. Present the liabilities of
adisposalgroupclassifedasheldforsaleseparately(classifed
ascurrentliabilities)fromotherliabilitiesinthebalancesheet
IFRS5p38 3. Discloseseparatelythemajorclassesofassetsandliabilities
classifedasheldforsaleeitheronthefaceofthebalance
sheetorinthenotestothefnancialstatements.
IFRS5p39 4. Disclosureofthemajorclassesofassetsandliabilitiesisnot
requiredifthedisposalgroupisanewlyacquiredsubsidiary
thatmeetsthecriteriatobeclassifedasheldforsaleon
acquisition.
IFRS5p38 5. Discloseseparatelyanycumulativeincomeorexpanse
recogniseddirectlyinequityrelatingtoanon-currentasset(or
disposalgroup)classifedasheldforsale.
IFRS5p40 6. Amountspresentedfornon-currentassetsorfortheassets
andliabilitiesofdisposalgroupsclassifedasheldforsaleinthe
balancesheetsforpriorperiodsshouldnotbereclassifedorre-
presentedtorefecttheclassifcationinthebalancesheetfor
the latest period presented.
IFRS5p41 7. Foranon-currentasset(ordisposalgroup)heldforsaleorsold,
disclose:
(a) adescriptionofthenon-currentasset(ordisposalgroup);
(b)adescriptionofthefactsandcircumstancesleadingtothe
expected disposal and the expected manner and timing of
thatdisposal;
(c)thegainorlossrecognisedasresultofremeasurementto
fairvaluelesscoststosell,andifnotseparatelypresented
onthefaceoftheincomestatement,thecaptioninthe
incomestatementthatincludesthatgainorloss;and
(d)thesegmentinwhichthenon-currentasset(ordisposal
group)ispresentedunderIAS14,ifapplicable.
IFRS5p12 8. Disclosetheinformationspecifedinpara5(a),(b)and(d)
aboveinthenotesifthecriteriaforclassifcationofnon-current
assets(ordisposalgroups)asheldforsale(refertoIFRS5
paras7and8)aremetafterthebalancesheetdatebutbefore
theauthorisationofthefnancialstatementsforissue.
IFRS5p42 9. Ifanon-currentasset(ordisposalgroup)ceasestobeheld
forsale,discloseadescriptionofthefactsandcircumstances
leadingtothedecisiontochangetheplantosellthenon-
currentasset(ordisposalgroup),togetherwiththeeffectof
the decision on the results of operations for the period and any
prior periods presented.
IFRS5p33 10.Fordiscontinuedoperations,disclosethefollowingforall
periods presented:
12p81(h) (a)asingleamountonthefaceoftheincomestatement
comprising the total of:
(i) thepost-taxproftorlossofdiscontinuedoperations;
and
(ii) thepost-taxgainorlossrecognisedonthe
remeasurementtofairvaluelesscoststoselloronthe
disposaloftheassetsordisposalgroup(s)constituting
thediscontinuedoperation;and
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(b)ananalysisofthesingleamountin(a)into:
(i) therevenue,expensesandpre-taxproftorlossof
discontinuedoperations;
(ii) thegainorlossrecognisedontheremeasurementto
fairvaluelesscoststoselloronthedisposalofthe
assetsordisposalgroup(s)constitutingthediscontinued
operation;and
(iii)thetaxexpenserelatingto:
−thegainorlossondiscontinuance;and
−theproftorlossfromtheordinaryactivitiesof
thediscontinuedoperationfortheperiod,together
withthecorrespondingamountsforeachpriorperiod
presented.
The analysis may be given in the notes or on the face of the
income statement. If it is given on the face of the income
statement, it should be presented in a section relating to
discontinued operations separate from continuing operations.
The analysis is not required if the disposal group is a newly
acquired subsidiary that meets the criteria to be classifed as
held for sale on acquisition.
IFRS5p34 11.Re-presentthedisclosuresinpara7aboveandA6.2para6for
priorperiodspresentedinthefnancialstatementssothatthe
disclosuresrelatetoalloperationsthathavebeendiscontinued
by the balance sheet date for the latest period presented.
IFRS5p35 12.Presentseparatelyindiscontinuedoperationsanyadjustments
inthecurrentperiodtoamountspreviouslypresented
in discontinued operations that are directly related to the
disposal of a discontinued operation in a prior period. The
natureandamountofsuchadjustmentsshouldbedisclosed
IFRS5p36 13.Ifacomponentofanentityceasestobeclassifedasheldfor
sale,reclassifytheresultsofoperationsofthecomponent
previouslypresentedindiscontinuedoperationsandinclude
it in income from continuing operations for all periods
presented.Disclosetheamountsforpriorperiodsashaving
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B1 Correction of prior-period errors
8p49 1. Disclose:
(a) thenatureoftheprior-perioderror;
(b) foreachpriorperiodpresented,totheextentpracticable,
the amount of the correction:
(i) foreachfnancialstatementlineitemaffected;and
(ii)ifIAS33appliestotheentity,theimpactonbasicand
dilutedearningspershare;
(c) theamountofthecorrectionatthebeginningoftheearliest
priorperiodpresented;and
(d) ifretrospectiverestatementisimpracticableforaparticular
priorperiod,thecircumstancesthatledtotheexistence
ofthatconditionandadescriptionofhowandfromwhen
the error has been corrected.
8p49 These disclosures need not be repeated in the fnancial
statements of subsequent periods.
B2 Reporting in the currency of a hyperinfationary
economy
1p119 1. Disclose accounting policies.
29p39(a)2. Disclosethefactthatthefnancialstatementsandthe
correspondingfguresforpreviousperiodshavebeenrestated
forthechangesinthegeneralpurchasingpowerofthe
functionalcurrencyand,asaresult,arestatedintermsofthe
measuring unit current at the balance sheet date.
29p39(b)3. Disclosewhetherthefnancialstatementsarebasedona
historical cost approach or a current cost approach.
29p39(c)4. Providethefollowinginformation:
(a) theidentityofthepriceindex;
(b) thelevelofthepriceindexatthebalancesheetdate;and
(c) themovementintheindexduringthecurrentandprevious
reporting period. It is useful to disclose the three years
cumulative infation at the balance sheet date for each of the
periods presented in the fnancial statements.
29p9 5. Disclose the gain or loss on the net monetary position included
in net income. This is usually disclosed as a separate line above
proft/loss before taxation in the income statement.
21p42 6. The results and fnancial position of an entity whose functional
currency is the currency of a hyperinfationary economy
should be translated into a different presentation currency using
the following procedures:
(a) all amounts (assets, liabilities, equity items, and income and
expenses, including comparatives) should be translated at
the closing rate at the date of the most recent balance
sheet, except:
(b) when amounts are translated into the currency of a
non–hyperinfationary economy, comparative amounts
should be those that were presented as current year
amounts in the relevant prior year fnancial statements (not
adjusted for subsequent changes in the price level or
subsequent changes in exchange rates).
21p43 7. When an entity’s functional currency is the currency of a
hyperinfationary economy, the entity should restate its fnancial
statements in accordance with IAS 29 before applying the
translation method set out in IAS 21 para 42, except for
comparative amounts that are translated into a currency of a
non-hyperinfationary economy (refer to IAS 21 para 42(b)).
When the economy ceases to be hyperinfationary and the
entity no longer restates its fnancial statements in accordance
with IAS 29, it should use as the historical costs to translate into
the presentation currency the amounts restated to the price
level at the date the entity ceased restating its fnancial
statements.
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B3 Uncertainties about going concern

1p25 1. Disclosematerialuncertaintiesrelatingtoeventsorconditions
thatmaycastsignifcantdoubtupontheentity’sabilityto
continue as a going concern.
1p25 2. Whenanentitydoesnotpreparefnancialstatementsona
goingconcernbasis,disclosethatfacttogetherwiththereason
that the entity is not regarded as a going concern and the basis
onwhichitpreparedthefnancialstatements.

1p49 1. Whenanentitychangesitsyear-end,anditsfnancial
statements are presented for a period longer or shorter than
oneyear,disclose:
(a)thereasonforaperiodotherthanoneyearbeingused;
and
(b)thefactthatcomparativeamountsfortheincome
statement,changesinequity,cashfowsandrelatednotes
are not comparable.
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Disclosurechecklist2009–SectionB8
Inadditiontothereconciliationsrequiredby(a)and(b)above,
anentity’sfrstinterimfnancialreportunderIAS34forpart
oftheperiodcoveredbyitsfrstIFRSfnancialstatements
should include the reconciliations described in IFRS 1 para
39(a)and(b)(supplementedbythedetailsrequiredby
IFRS1paras40and41)oracross-referencetoanother
published document that includes these reconciliations.
IFRS1p46 2. Ifafrst-timeadopterdidnotdiscloseinformationmaterialto
an understanding of the current interim period in its most
recentannualfnancialstatementsunderpreviousGAAP,
disclosethatinformationinitsinterimfnancialreportor
includeacross-referencetoanotherpublisheddocumentthat
includes it.
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(c)unearnedfnanceincome;
(d)theunguaranteedresidualvaluesaccruingtothebeneftof
thelessor;
(e)theaccumulatedallowanceforuncollectableminimumlease
paymentsreceivable;
(f) contingentrentsrecognisedinincome;and
(g)ageneraldescriptionofthelessor’ssignifcantleasing
arrangements.
17p65 2. Thedisclosurerequirementssetoutinpara1abovealso
applytosaleandleasebacktransactions.Anyuniqueor
unusualprovisionsoftheagreementsortermsofthesaleand
leaseback transactions should be separately disclosed.
IFRIC4pBC39 3. Thedisclosurerequirementssetoutinpara1abovealsoapply
toleasesunderIFRIC4.
(b) Lessors–operatingleases
17p56, 57 1. Disclose:
(a)foreachclassofasset:
(i) grosscarryingamount;
(ii) accumulateddepreciation;
(iii)accumulatedimpairmentloss;
(iv)depreciationchargefortheperiod;
(v) impairmentlossesrecognisedfortheperiod;and
(vi)impairmentlossesreversedfortheperiod;
(b)thefutureminimumleasepaymentsundernon-
cancellableoperatingleases,intotalandforeachofthe
followingthreeperiodsafterthebalancesheetdate:
(i) nolaterthanoneyear;
(ii) laterthanoneyearandnolaterthanfveyears;
(iii)laterthanfveyears;
(c)totalcontingentrentsincludedinincome;and
(d)ageneraldescriptionofthelessor’ssignifcantleasing
arrangements.
17p65 2. Thedisclosurerequirementssetoutinpara1abovealso
applytosaleandleasebacktransactions.Anyuniqueor
unusualprovisionsoftheagreementsortermsofthesaleand
leaseback transactions should be separately disclosed
IFRIC4pBC39 3. Thedisclosurerequirementssetoutinpara1abovealsoapply
toleasesunderIFRIC4.
3. Arrangementsthatdonotinvolvealeaseinsubstance
SIC27p10-11 Certainspecialdisclosuresapplyoverthelegalformofleases.
RefertoSectionA5.18(c).
4. Saleandleasebacktransactions
17p66 Sale and leaseback transactions may trigger the separate
disclosurecriteriainIAS1,PresentationofFinancial
Statements.
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Disclosure checklist 2009 – Section C5
C5 Decommissioning, restoration and environmental
rehabilitation funds
IFRIC 5, ‘Rights to interests arising from decommissioning,
restoration and environmental rehabilitation funds’, effective
from 1 January 2006, explains how to treat expected
reimbursements from funds set up to meet the costs of
decommissioning plant (such as nuclear plant) or equipment
(such as cars) or in undertaking environmental restoration or
rehabilitation (such as rectifying pollution of water or restoring
IFRIC5p4 mined land). This interpretation applies to accounting in the
fnancial statements of a contributor for interests arising from
decommissioning funds that have both of the following features:
(a) the assets are administered separately (either by being held
in a separate legal entity or as segregated assets within
another entity); and
(b) a contributor’s right to access the assets is restricted.
A residual interest in a fund that extends beyond a right to
reimbursement, such as a contractual right to distributions
once all the decommissioning has been completed or on
winding up the fund, may be an equity instrument within the
scope of IAS 39 and is not within the scope of this
Interpretation.
IFRIC5p11 1. A contributor discloses the nature of its interest in a fund and
any restrictions on access to the assets in the fund.
IFRIC5p12 2. When a contributor has an obligation to make potential
additionalcontributionsthatisnotrecognisedasaliability(refer
toIFRIC5para10),itmakesthedisclosuresrequiredbyIAS37
para86(refertoSectionA5.23).
IFRIC5p13 3. Whenacontributoraccountsforitsinterestinthefundin
accordancewithIFRIC5para9,itmakesthedisclosures
requiredbyIAS37para85(c)(refertoSectionA5.16).
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3. Explanationofsegmentproftorloss,segmentassetsand
liabilities
IFRS8p27(a), 1. Provideanexplanationofthemeasurementsofproftorloss,
(b),(c),(d),(e), assetsandliabilitiesforeachreportablesegment,including:
(f) (a) thebasisofaccountingforanytransactionsbetween
reportablesegments;
(b) thenatureofanydifferencesbetweenthemeasurementsof
thereportablesegments’proftsorlossesandthe
entity’sproftorlossbeforeincometaxexpenseorincome
and discontinued operations. Those differences could
include accounting policies and policies for allocation of
centrally incurred costs that are necessary for an
understandingofthereportedsegmentinformation.;
(c) thenatureofanydifferencesbetweenthemeasurements
ofthereportablesegments’assetsandtheentity’sassets.
Those differences could include accounting policies and
policiesforallocationofjointlyusedassetsthatare
necessary for an understanding of the reported segment
information;
(d)thenatureofanydifferencesbetweenthemeasurementsof
thereportablesegments’liabilitiesandtheentity’sliabilities.
Those differences could include accounting policies and
policiesforallocationofjointlyutilisedliabilitiesthatare
necessary for an understanding of the reported segment
information;
(e)thenatureofanychangesfrompriorperiodsinthe
measurement methods used to determine reported segment
proftorlossandtheeffect,ifany,ofthosechangesonthe
measureofsegmentproftorloss;and
(f) thenatureandeffectofanyasymmetricalallocationsto
reportablesegments(forexample,wheredepreciation
expense is allocated to a segment but the related asset is
not).
4. Reconciliations
IFRS8p28(a), 1. Providereconciliations(allmaterialreconcilingitemsare
(b),(c),(d),(e) separatelyidentifedanddisclosed)ofthefollowing:
(a) thetotalofreportablesegments’revenuestotheentity’s
revenue;
(b)thetotalofthereportablesegments’measureofproftor
losstotheentity’sproftorlossbeforetaxanddiscontinued
operations,unlessitemssuchastaxincomeandexpense
areallocatedtosegments,inwhichcasethereconciliation
maybetotheentity’sproftorlossafterthoseitems;
(c)thetotalofthereportablesegments’assetstothoseofthe
entity;
(d)thetotaloftheliabilitiesofthereportablesegmentstothose
oftheentity(wheresegmentliabilitiesarereported);and
(e)foranyothermaterialitemthetotalofthereportable
segments’amounttothecorrespondingamountforthe
entity.
5. Restatementofpreviouslyreportedinformation
IFRS8p29 1. Where there has been a change in the composition of the
entity’sreportablesegments,disclosewhetherithasrestated
the corresponding items of segment information for earlier
periods.
Wherethereissuchachange,restatecorresponding
informationforearlierperiods,includinginterimperiods,unless
theinformationisnotavailableandthecosttodevelopwould
beexcessive.Makethisdecisionforeachindividualitemof
disclosure.

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IFRS8p30 2. Where there has been a change in the composition of the
entity’sreportablesegmentsandsegmentinformationforearlier
periods,includinginterimperiods,isnotrestated,theentity
shalldiscloseintheyearinwhichthechangeoccurssegment
information for the current period on both the old basis and the
newbasisofsegmentation(unlessthenecessaryinformationis
notavailableandthecosttodevelopitwouldbeexcessive).
6. Entity-widedisclosures
IFRS8p31 1. Providethefollowinginformationifitisnotprovidedaspartof
the reportable segment information.
IFRS8p32 (a)therevenuesfromexternalcustomersforeachproductand
service,oreachgroupofsimilarproductsandservices,
unlesstheinformationisnotavailableandthecostto
developitwouldbeexcessive,inwhichcase,disclosethat
fact.
(b)theamountsoftherevenuesarebasedontherevenueper
thefnancialstatements.
IFRS8p33(a), 2. Providethefollowinggeographicalinformation,unlessthe
(b) necessaryinformationisnotavailableandthecosttodevelopit
wouldbeexcessive(ifthisisthecase,disclosethisfact):
(a) revenuesforexternalcustomerssplitbetweenthose
attributabletotheentity’scountryofdomicileandallforeign
countriesintotalfromwhichtheentityderivesrevenues.
Disclosethebasisforattributingrevenuesfromexternal
customerstoindividualcountries;Ifrevenuesfromexternal
customersattributedtoanindividualforeigncountryare
materialthoserevenuesshouldbedisclosedseparately;
and
(b) non-currentassets(otherthanfnancialinstruments,
deferredtaxassets,post-employmentbeneftassetsand
rightsarisingunderinsurancecontracts)splitbetween
thoselocatedintheentity’scountryofdomicileandthose
locatedinallforeigncountriesintotalinwhichtheentity
holdsassets.Ifassetsinanindividualforeigncountryare
material,disclosethoseassetsseparately.
The amounts of the assets and revenues are based on the
amounts per the fnancial statements. An entity may provide, in
addition to this information, subtotals of geographical
information about groups of countries.
IFRS8p34 3. Provideinformationabouttheextentoftheentity’sreliance
onitsmajorcustomers.Ifrevenuesfromtransactionswitha
singleexternalcustomerare10%ormoreoftheentity’s
revenues,disclosethatfact,alongwiththetotalamountsof
revenuesfromeachsuchcustomerandtheidentityofthe
segmentsreportingtherevenues.
The entity need not disclose the identity of a major customer
or the amount of revenues that each segment reports from
that customer. A group of entities (or government – national,,
state, provincial, territorial, local, foreign) under common control
shall be considered a single customer.
7. OtherdisclosuresimpactedbytheearlyadoptionofIFRS8
IFRS5p41(d) 1. Non-currentassetsheldforsale.Discloseintheperiodinwhich
anon-currentasset(ordisposalgroup)hasbeeneither
classifedasheldforsaleorsold,thereportablesegmentin
whichthenon-currentasset(ordisposalgroup)ispresented.
7p50(d) 2. Statementofcashfows.An entity is encouraged, but not
required, to disclose the amount of cash fows arising from the
operating, investing and fnancing activities of each reportable
segment.

D2 Earnings per share
33p2,3 1. An entity that discloses earnings per share should calculate
anddiscloseearningspershareinaccordancewithIAS33.
Earningspersharedisclosuresarerequiredforentitieswhose
ordinary shares or potential ordinary shares are publicly traded
and for entities that are in the process of issuing ordinary shares
or potential ordinary shares in public markets.
33p66 2. Present on the face of the income statement basic and diluted
earningspershareforproftorlossfromcontinuingoperations
attributabletotheordinaryequityholdersoftheparententity,
andforproftorlossattributabletotheordinaryequityholders
of the parent entity for the period for each class of ordinary
sharesthathasadifferentrighttoshareinproftfortheperiod.
Presentbasicanddilutedearningspersharewithequal
prominence for all periods presented.
33p67 3. Presentearningspershareforeveryperiodforwhichanincome
statement is presented. If diluted earnings per share is reported
foratleastoneperiod,itshouldbereportedforallperiods
presented,evenifitequalsbasicearningspershare.Ifbasic
anddilutedearningspershareareequal,dualpresentationcan
beachievedinonelineonthefaceoftheincomestatement.
33p68 4. Anentitythatreportsadiscontinuingoperationshoulddisclose
the basic and diluted amounts per share for the discontinuing
operation either on the face of the income statement or in the
notestothefnancialstatements.
33p69 5. Presentbasicanddilutedearningspershare,evenifthe
amountsarenegative(alosspershare).
6. Disclose:
33p70(a) (a)theamountsusedasthenumeratorsincalculatingbasic
anddilutedearningspershare,andareconciliationofthose
amountstoproftorlossattributabletotheparententityfor
theperiod.Thereconciliationshouldincludetheindividual
effect of each class of instruments that affects earnings per
share;
85
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Disclosure checklist 2009 – Section D2
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33p70(b) (b)theweightedaveragenumberofordinarysharesusedas
the denominator in calculating basic and diluted earnings
pershare,andareconciliationofthesedenominatorsto
eachother.Thereconciliationshouldincludetheindividual
effect of each class of instruments that affects earnings per
share;and
33p70(c) (c)instruments(includingcontingentlyissuableshares)that
could potentially dilute basic earnings per share in the
future,butwerenotincludedinthecalculationofdiluted
earningspersharebecausetheyareantidilutiveforthe
period(s)presented.
33p70(d) 7. Provideadescriptionofordinarysharetransactionsorpotential
ordinarysharetransactions,otherthanthoseaccountedfor
inaccordancewithIAS33para64,thatoccurafterthebalance
sheetdateandthatwouldhavechangedsignifcantlythe
number of ordinary shares or potential ordinary shares
outstanding at the end of the period if those transactions had
occurred before the end of the reporting period. Examples are
provided in IAS 33 para 71.
33p72 8. Financialinstrumentsgeneratingpotentialordinarysharesmay
incorporate terms and conditions that affect the measurement
of basic and diluted earnings per share. These terms and
conditionsmaydeterminewhetheranypotentialordinaryshares
aredilutiveand,ifso,theeffectontheweightedaverage
numberofsharesoutstandingandanyconsequentadjustments
toproftorlossattributabletoequityholders.Thedisclosureof
thetermsandconditionsofsuchfnancialinstrumentsand
othercontractsisencouraged,ifnototherwiserequired(referto
IFRS7).
33p73 9. Ifanentitydiscloses,inadditiontobasicanddilutedearnings
pershare,amountspershareusingareportedcomponent
oftheincomestatementotherthanonerequiredbyIAS33,
calculatesuchamountsusingtheweightedaveragenumber
ofordinarysharesdeterminedinaccordancewiththisstandard.
Disclose basic and diluted amounts per share relating to such
acomponentwithequalprominenceandpresentinthenotes
tothefnancialstatements.Indicatethebasisonwhichthe
numerator(s)is(are)determined,includingwhetheramounts
per share are before tax or after tax. If a component of the
income statement is used that is not reported as a line item in
theincomestatement,provideareconciliationbetweenthe
component used and the line item that is reported in the
income statement.
87
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Provides a summary of the IFRS recognition and measurement requirements. Including currencies, assets, liabilities, equity, income, expenses, business combinations and interim ﬁnancial statements.

IFRS news

A practical guide to capitalisation of borrowing costs

Monthly newsletter focusing on the business implications of the IASB’s proposals and new standards. Subscribe by emailing corporatereporting@uk.pwc.com.

Guidance in question and answer format addressing the challenges of applying IAS 23R, including how to treat speciﬁc versus general borrowings, when to start capitalisation and whether the scope exemptions are mandatory or optional.

Illustrative interim nancial information for existing preparers

A practical guide to new IFRSs for 2009

40-page guide providing high-level outline of the key requirements of new IFRSs effective in 2009, in question and answer format.

Illustrative information, prepared in accordance with IAS 34, for a ﬁctional existing IFRS preparer. Includes a disclosure checklist and IAS 34 application guidance. Reﬂects standards issued up to 31 March 2009.

Illustrative IFRS corporate consolidated nancial statements for 2009 year ends A practical guide to segment reporting
Provides an overview of the key requirements of IFRS 8, ‘Operating segments’ and some points to consider as entities prepare for the application of this standard for the ﬁrst time. See also ‘Segment reporting – an opportunity to explain the business’ below.

Illustrative set of consolidated ﬁnancial statements for an existing preparer of IFRS. Includes an appendix showing example disclosures under IFRS 3 (revised). Included with Manual of accounting – IFRS 2010; also available separately.

Illustrative consolidated nancial statements

A practical guide to share-based payments
Answers the questions we have been asked by entities and includes practical examples to help management draw similarities between the requirements in the standard and their own sharebased payment arrangements. November 2008. Realistic sets of ﬁnancial statements – for existing IFRS preparers in the above sectors – illustrating the required disclosure and presentation.

Provides practical guidance on impairment indicators to look out for, timing of impairment tests, suggestions on how to do an impairment test in volatile markets and what disclosures are critical to the market and regulators in the current environment.

IAS 39 – Achieving hedge accounting in practice

Segment reporting – an opportunity to explain the business

Covers in detail the practical issues in achieving hedge accounting under IAS 39. It provides answers to frequently asked questions and step-by-step illustrations of how to apply common hedging strategies.

Six-page ﬂyer explaining high-level issues for management to consider when applying IFRS 8, including how the standard will change reporting and what investors want to see.

Top 10 tips for impairment testing

IAS 39 – Derecognition of nancial assets in practice

Explains the requirements of IAS 39, providing answers to frequently asked questions and detailed illustrations of how to apply the requirements to traditional and innovative structures.

The current economic slowdown will increase the likelihood that impairment charges will need to be taken and appropriate disclosures made. Each tip is accompanied by an explanation or illustrative example.

Manual of accounting – Financial instruments 2010 IFRS 3R: Impact on earnings – the crucial Q&A for decision-makers
Guide aimed at ﬁnance directors, ﬁnancial controllers and deal-makers, providing background to the standard, impact on the ﬁnancial statements and controls, and summary differences with US GAAP. Comprehensive guidance on all aspects of the requirements for ﬁnancial instruments accounting. Detailed explanations illustrated through worked examples and extracts from company reports. Included with Manual of accounting – IFRS 2010; also available separately.

IFRS disclosure checklist 2009

Outlines the disclosures required by all IFRSs published up to October 2009

Only available in electronic format. To download visit www.pwc.com/ifrs

Introduction
The IFRS disclosure checklist has been updated to take into account standards and interpretations amended or issued up to 17 October 2009. The most recently issued standards and interpretations from the IASB and IFRIC included in this checklist are: • • • • • IAS 27 Amendment, ‘Consolidation and separate financial statements’ IFRS 3 Amendment, ‘Business combinations and consequential amendments’ IFRS 7, ‘Financial instruments: Disclosure’ (amendments) IFRIC 17, ‘Distribution of non-cash assets to owners’ IFRIC 18, ‘Transfers of assets from customers’ Application date 1 July 2009* 1 July 2009* 1 January 2009* 1 July 2009* 1 July 2009*

IAS 1 (revised) renames the primary statements and introduces a number of changes to terminology, as explained below. The checklist does not address the measurement and recognition requirements of IFRS; a thorough reading of those standards and interpretations that are relevant to the reporting entity’s circumstances will be necessary. This disclosure checklist does not apply to condensed interim financial statements prepared in accordance with IAS 34, ‘Interim financial reporting’. Disclosure requirements resulting from standards and interpretations that have been issued and are effective for annual periods beginning on or after 1 January 2009 are included in Section A. Section H sets out the disclosure requirements of standards and interpretations in issue at 1 January 2009 and that are effective for annual reporting periods beginning after 1 July 2009. It is possible that standards and interpretations that will be applicable to financial statements for periods beginning on or after 1 January 2009 could be amended. Any such changes and additional requirements will need to be considered when preparing financial statements in accordance with IFRS. This checklist is intended for general reference purposes only; it is not a substitute for reading the standards and interpretations themselves, or for professional judgement as to the fairness of presentation. Further specific information may be required in order to ensure fair presentation under IFRS depending on the circumstances. Additional accounting disclosures may be required in order to comply with local laws, national financial reporting standards and/or stock exchange regulation

Changes made by IAS 1 (revised)
IAS 1 (revised) introduces a number of wording changes and amends a number of references in other IFRS standards and interpretations. Both old and new IAS 1 (revised) terminology is used in this checklist. An entity may use the terminology applied here or any other terminology permitted under IAS 1 (revised). Some of the wording changes introduced in IAS 1 revised are as follows: (a) (b) (c) (d) (e) (f) (g) (h) ‘Income statement’ is amended to ‘statement of comprehensive income’. ‘Balance sheet’ is amended to ‘statement of financial position’. ‘Cash flow statement’ is amended to ‘statement of cash flows’. ‘Balance sheet date’ is amended to ‘end of the reporting period’. ‘Subsequent balance sheet date’ is amended to ‘end of the subsequent reporting period’. ‘Equity holders’ is amended to ‘owners’. References to the current version of IAS 7, ‘Cash flow statements’ are amended to IAS 7, ‘Statement of cash flows’. References to the current version of IAS 10, ‘Events after the balance sheet date’ are amended to ‘IAS 10, Events after the reporting period’.

* Earlier application is permitted (and disclosure of early application is required). Early adopters of these standards should be aware that there may be consequential amendments that affect the disclosure requirements of other standards.

1

‘8p40’ indicates IAS 8 paragraph 40. In the left-hand box (headed ‘Y-NA-NM’) one of the following should be entered for each disclosure item: • Y (‘Yes’) – the appropriate disclosure has been made. but does not require. Additional notes and explanations are shown in italics. or • NM (‘Not material’) – the item is regarded as not material to the financial statements of the reporting entity.
2
. The references in the left-hand margin of the checklist represent the paragraphs of the standards in which the disclosure requirements appear – for example. where appropriate. Note 7) for all items that have been marked ‘Y’ in the left-hand box. the disclosure. All disclosures have been grouped by subject. The designation ‘DV’ (disclosure voluntary) indicates that the relevant IFRS encourages. • NA (‘Not applicable’) – the item does not apply to the reporting entity.International Financial Reporting Standards – Disclosure checklist 2009
Section A – General disclosures
Structure of disclosure checklist
Section A Disclosures for consideration by all entities Section B Disclosures required of all entities but only in certain situations Section C Industry-specific disclosures Section D Additional disclosures required of listed entities Section E Additional disclosures required of entities that issue insurance contracts Section F Additional disclosures required for retirement benefit plans Section G Suggested disclosures for financial review outside the financial statements Section H Disclosures required of entities that early adopt IFRSs effective for annual periods beginning after 1 July 2009
Format of disclosure checklist
The disclosure checklist is presented in a format designed to facilitate the collection and review of disclosures for each component of the financial statements. The right-hand box on each page (headed ‘Ref’) can be used to insert a reference to the relevant part of the financial statements (for example. IAS 1 paragraph 31 states that a specific disclosure requirement in a standard or an interpretation need not be satisfied if the information is not material. Materiality is defined in IAS 1 paragraph 11 and in paragraphs 29 and 30 of the IASB’s Framework for the Preparation and Presentation of Financial Statements. The box in the right-hand margin of each page is designed to assist in completing the checklist. Additional notes and explanations in the checklist are shown in italics.

Disclosure checklist 2009
Section A Disclosures for consideration by all entities
5
Section A – Disclosures for consideration by all entities
.

6
.

1p10(f)
1p11 1p29
4. and repeat where necessary for the information presented to be understood: (a) the name of the reporting entity or other means of identification.
period end date. other events and conditions in accordance with the definitions and recognition criteria for assets. Include the following components in the financial statements: (c). 6. The application of IFRSs. Present separately each material class of similar items.(e)
7
Section A – Disclosures for consideration by all entities
.(e). (d) a statement of changes in equity for the period. using the accrual basis of accounting. and (e) the level of rounding used in presenting amounts in the financial statements. liabilities. (e) a statement of cash flows for the period. is presumed to result in financial statements that achieve a fair presentation. include a statement of financial position as at the beginning of the earliest comparative period. Display the following information prominently. (c) separate income statement for the period (if presented as a separate statement from the statement of comprehensive income. Disclose in the notes that the financial statements comply with IFRS. Present separately items of a dissimilar nature or function unless they are immaterial. An entity prepares its financial statements. income and expenses set out in the ‘Framework for preparation and presentation of financial statements’ (Framework).(d). Where an entity applies an accounting policy retrospectively or makes a retrospective restatement of items. except for cash flow information. Financial statements present fairly the financial position. Financial statements should be clearly identified and distinguished from other information in the same published document.(b).Disclosure checklist 2009 – Section A1 Y-NA-NM REF
A1
General disclosures
1. (b) whether the financial statements are for an individual entity or a group of entities.(f) (a) a statement of financial position (balance sheet) at the
1p12
3. and (f) notes. (c). 10. and any change in that information from the end of the previous reporting period. 2. (c) the date of the end of the reporting period or the period covered by the financial statements and notes. Present with equal prominence all of the financial statements. 9. Where a separate income statement is presented. 7.
1p51 1p51(a).(b). General disclosures
1p15
1. Assets and liabilities or income and expenses are not offset unless required or permitted by an IFRS. financial performance and cash flows of an entity.(d). with additional disclosure when necessary. (b) a statement of comprehensive income for the period. display immediately before the statement of comprehensive income. Financial statements should not be described as complying with IFRS unless they comply with all the requirements of IFRS. Fair presentation requires the faithful representation of the effects of transactions. 5.
1p32
1p16
1p49
8. (d) the presentation currency (defined in IAS 21). or reclassifies items in its financial statements.
1p27
1p10(a). Clearly identify each financial statement and the notes. including a summary of significant accounting policies and other explanatory information.

21p54
21p55
21p56
21p57
5. If presenting financial statements in a currency that is different from the functional currency. state that fact.(b)
Section A – Disclosures for consideration by all entities
REF
11. When the presentation currency is different from the functional currency. (b) the reason for using a longer or shorter period. and (c) whether the entity’s owners or others have the power to amend the financial statements after issue. (b) disclose the currency in which the supplementary information is displayed. Other disclosures
1p112(a). and
8
.
2. an entity whose functional currency is not the currency of a hyperinflationary economy may convert the financial statements into another currency by translating all items at the most recent closing rate. An entity sometimes presents its financial statements or other financial information in a currency that is not its functional currency without applying the translation methods set out in IAS 21 paras 39 and 42. If presenting financial statements or other financial information in a currency that is different from either the functional currency or the presentation currency without applying the translation methods set out in IAS 21 paras 39 and 42: (a) clearly identify the information as supplementary information to distinguish it from the information that complies with IFRS.Disclosure checklist 2009 – Section A1 Y-NA-NM
1p31 1p36 (a). When there is a change in the functional currency of either the reporting entity or a significant foreign operation. together with disclosure of the functional currency and the reason for using a different presentation currency. describe the financial statements as complying with IFRS only if they comply with all the requirements of each applicable standard and each applicable interpretation including the translation method set out in IAS 21 paras 39 and 42. and the disclosures set out in IAS 21 para 57 are required (see below). Presentation and functional currency
21p53
1. disclose: (a) the period covered by the financial statements. 4. (c)
Disclose in the notes: (a) information about the basis of preparation of the financial statements and the specific accounting policies used. Include the following in the notes to the financial statements: (a) the date when the financial statements were authorised for issue. or.
10p17
12. (b) the information required by IFRSs that is not presented elsewhere in the financial statements. (b) the body who gave that authorisation. Such conversions are not in accordance with IFRS. For example. and (c) the fact that amounts presented in the financial statements are not entirely comparable. 1. an entity may convert only selected items from its financial statements into another currency. 2. 3. Where an entity has changed the end of its reporting period and prepares financial statements for a period of less than or more than one year. and (c) disclose the entity’s functional currency and the method of translation used to determine the supplementary information.
3.
An entity need not provide a specific disclosure required by an IFRS if the information is not material. disclose that fact and the reason for the change in functional currency.(b).

as a minimum. and (c) the reason for the reclassification.
1p114. (c) supporting information for items presented in the statements of financial position and of comprehensive income. and in the statements of changes in equity and of cash flows.(b). 115
1p114(a) 1p114(b)
1p114(c)
1p114(d)
1p116
1p17(c)
1p38
1p39
1p41(a). (ii) non-financial disclosures (see IFRS 7). it presents.Disclosure checklist 2009 – Section A1 Y-NA-NM REF
1p113
2. including: (i) contingent liabilities (see IAS 37) and unrecognised contractual commitments.117).16). The notes are given in a systematic manner. When an entity changes the presentation or classification of items in its financial statements. two statements of financial position. as far as is practicable. (b) the amount of each item or class of item that is reclassified. two of each of the other statements. Provide additional disclosures when compliance with the specific requirements in IFRSs is insufficient to enable users to understand the impact of particular transactions. and (d) other disclosures. the separate income statement (where presented) and in the statements of changes in equity and cash flows to any related information in the notes. An entity disclosing comparative information presents. with each item cross-referenced in the statements of financial position and of comprehensive income. in the order in which each statement and each line item is presented. (b) the end of the previous period (which is the same as the beginning of the current period). other events and conditions on the entity’s financial position and financial performance. Notes providing information about the basis of preparation of the financial statements and specific accounting policies may be presented as a separate section of the financial statements. and related notes. An entity presents statements of financial position as at: (a) the end of the current period. 3. Where an entity has reclassified comparative amounts due to a change in presentation or classification of items in its financial statements. reclassify comparative amounts unless it is impracticable to do so. This includes comparative information for both narrative and descriptive information where it is relevant to understanding the financial statements for the current period. Notes are normally presented in the following order to assist users to understand the financial statements and to compare them with financial statements of other entities (unless considered necessary or desirable to vary the order): (a) statement of compliance with IFRSs (see IAS 1. except where IFRSs permit or require otherwise.
(c) information that is not presented elsewhere but is relevant to an understanding of the financial statements. (c)
9
Section A – Disclosures for consideration by all entities
. 4. three statements of financial position. disclose: (a) the nature of the reclassification. (b) summary of significant accounting policies applied (see IAS 1. and (c) the beginning of the earliest comparative period. as a minimum. two of each of the other statements. Where an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements. in the separate income statement (if presented). and related notes. Disclose comparative information in respect of the previous period for all amounts reported in the current period’s financial statements.

if different from the registered office).Disclosure checklist 2009 – Sections A1-A2 Y-NA-NM
1p42
Section A – Disclosures for consideration by all entities
REF
1p45
5. apart from those involving estimations that management has made in applying the entity’s accounting policies and that have the most significant impact on the amounts recognised in the financial statements. disclose the name of the next most senior parent that does so. (e) name of the immediate parent entity (or other controlling shareholder). General disclosures
1p117(a). that another presentation or classification would be more appropriate having regard to the criteria for the selection and application of accounting policies. Disclose in the summary of significant accounting policies:
1p22
2. or (b) an IFRS requires a change in presentation. In respect of those assets and liabilities. information regarding the length of its life. 7. disclose: (a) the reason for not reclassifying the amounts. and (d) if it is a limited life entity. Disclose in the summary of significant accounting policies or other notes. If neither the parent entity nor the ultimate parent entity present financial statements available for public use.(b).
(a) the measurement basis (or bases) used in preparing the financial statements. Disclose information about the assumptions made about the 1p129 future and other major sources of estimation uncertainty at the
end of the reporting period that have a significant risk of leading to material adjustments to the carrying amounts of assets and liabilities within the next financial year. the country in
24p12
8.(b) 3. (b) a description of the nature of the entity’s operations and its principal activities. liabilities. income and expense and operating and investing cash flows arising from the exploration for and evaluation of mineral resources.
1p138(a).
1p125(a).(b) 1. and (b) the other accounting policies used that are relevant to an understanding of the financial statements. (d) (a) the domicile and legal form of the entity. Retain the presentation and classification of items in the financial statements from one period to the next unless: (a) it is apparent. Where an entity changes the presentation or classification of items. but it is impracticable to reclassify comparative amounts. Companies with exploration and evaluation activities disclose
A2
Accounting policies
1. (c) the name of the parent and the ultimate parent of the group. disclose: (a) their nature. and the principal uncertainties it faces. Refer to Section G. the judgements. and
10
. (f) name of the ultimate controlling party. following a significant change in the nature of the entity’s operations or a review of its financial statements. Companies may present outside the financial statements a financial review by management that describes and explains the main features of the entity’s financial performance and financial position. Disclose the following: (c). and (b) the nature of the adjustments that would have been made if the amounts had been reclassified.
24p12 24p12
which it is incorporated and the address of its registered office (or principal place of business. the amounts of assets. 6.
DV
IFRS6p24(b) 9.

using uniform accounting policies for like transactions and other events in similar circumstances.
1p119 16p73 (a)-(c)
40p75 (a)-(e)
11
Section A – Disclosures for consideration by all entities
. including accounting for: (a) subsidiaries. the results of all subsidiaries. Joint ventures.
28p26 31p33
8p28
1p18
5. Examples of the types of disclosures an entity makes are: (a) the nature of the assumption or other estimation uncertainty. Property. and (c) the useful lives or the depreciation rates used. Specific policies
1p119
1p119 31p57
Disclosure of the following accounting policies is required: 1. 3. Inappropriate accounting policies are not rectified either by disclosure of the accounting policies used or by notes or explanatory material. that outcomes within the next financial year that are different from the assumption could require a material adjustment to the carrying amount of the asset or liability affected and. (b) the sensitivity of carrying amounts to the methods. Business combinations. including the reasons for the sensitivity. Investment property. or revaluation less subsequent depreciation). associates and joint ventures should be consolidated. and (d) an explanation of the changes made to past assumptions concerning those assets and liabilities. and (b) associates. if the uncertainty remains unresolved. 5. plant and equipment – for each class: (a) measurement basis (for example.
1p131
27p28
4. 6. Foreign currency transactions and translation. 4. and in what circumstances. 2. whether. the straight-line method). disclose whether any standards have been adopted by the reporting entity before the effective date . 6. Consolidation principles. as applicable.Disclosure checklist 2009 – Section A2 Y-NA-NM REF
(b) their carrying amount as at the period end date. assumptions and estimates underling their calculation. property interests held under operating leases are classified and accounted for as investment property. equity accounted or proportionally consolidated. (c) the expected resolution of an uncertainty and the range of reasonably possible outcomes within the next financial year in respect of the carrying amounts of the assets and liabilities affected. including the method the venturer uses to recognise its interests in jointly controlled entities. on the basis of existing knowledge. In accordance with the transition provisions of each standard.
Where impracticable to disclose the extent of the possible effects of an assumption or another source of estimation uncertainty at the end of the reporting period. In consolidated financial statements. cost less accumulated depreciation and impairment losses. (b) the nature and carrying amount of the specific asset or liability (or class of assets or liabilities) affected by the assumption. (b) if it applies the fair value model. disclose that: (a) it is reasonably possible. (b) depreciation method (for example.
2. Disclose: (a) whether the entity applies the fair value model or the cost model.

for each category of financial assets. whether regular way purchases and sales of financial assets are accounted for at trade date or at settlement date (IAS 39 para 38). the straight-line method). and (e) the extent to which the fair value of investment property (as measured or disclosed in the financial statements) is based on a valuation by an independent valuer who holds a recognised and relevant professional qualification and has recent experience in the location and category of the investment property being valued. the amortisation period and amortisation methods used (for example. financial liability and equity instrument. Borrowing costs (for example.p29(a) IFRS7p21
8.Disclosure checklist 2009 – Section A2 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
1p119
(c) when classification is difficult. Treatment of research costs and the basis for capitalisation of development costs and website development costs. in very rare cases. 9. Other intangible assets. expensed or capitalised as part of a qualifying asset). including the general principles adopted and the method of applying those principles to transactions. 12. (c) for intangible assets with finite useful lives. As part of the disclosure of an entity’s accounting policies. and (c) the basis on which income and expenses arising from financial assets and financial liabilities are recognised and measured. or. Leases. other events and conditions arising in the entity’s business. (b) the measurement basis applied to financial assets and financial liabilities on initial recognition and subsequently. such disclosure includes: (a) the criteria applied in determining when to recognise a financial asset or financial liability.
IFRS7pB5
IFRS7p21. FIFO or weighted average cost). the criteria the entity uses to distinguish investment property from owner-occupied property and from property held for sale in the ordinary course of business. (b) whether the useful lives are indefinite or finite. 13.
1p119 19p120A(a)
12
. 14. 10. Employee benefit costs – including policy for recognising actuarial gains and losses. including a statement on whether the determination of fair value was supported by market evidence or was more heavily based on other factors (which should be disclosed) because of the nature of the property and lack of comparable market data. (d) the methods and significant assumptions applied in determining the fair value of investment property. that they have been tested for impairment annually and whenever there is an indication that the intangible asset may be impaired. Provide disclosure of all significant accounting policies. In the case of financial instruments. 1p108
1p119 2p36(a)
11. for each class (distinguishing between internally generated and acquired assets): (a) accounting treatment (cost less amortisation. including the cost formula used (for example. and (d) for intangible assets with indefinite useful lives. 38p118(a) 38p118(a)(b) 38p108
1p119
1p119. 23p9. disclose. Provisions. disclose the accounting policies and methods adopted. For each class of financial asset. including the criteria for recognition and the basis of measurement. revaluation less subsequent amortisation). and when to derecognise it. Disclose.
7. Inventories.

Segment reporting (required for listed companies): (a) definition of business and geographical segments.(c) (a) methods used to determine contract revenue recognised. and (e) where the entity has not complied with any externally imposed capital requirements.
8p19
3. when applicable.
8p28
13
Section A – Disclosures for consideration by all entities
. 21. including: (a) qualitative information about the objectives. 19. (d) whether the entity has complied with any externally imposed capital requirements during the reporting period. 22.Disclosure checklist 2009 – Section A2 Y-NA-NM
IFRS2p44 1p119 18p35(a).
1p119. Share-based payments. (b). 18. The above disclosure is based on information provided internally to key management personnel. Where a change in accounting policy is made on the adoption of an IFRS. disclose: (a) the title of the standard or interpretation.
IFRS6p24(b)
36p80.
1p119. including: (i) a description of what the entity manages as capital. including: 11p39(b). 23 25. Revenue recognition. 2. Changes in accounting policy
1. isclose information that enables users of the financial D statements to evaluate the entity’s objectives. provide the disclosures in accordance with the specific transitional provisions of that standard. and (b) the basis for allocation of costs between segments 23. policies and processes. and (b) method of presentation in financial statements. Definition of cash and cash equivalents. 16. The method adopted to determine the stage of completion of transactions involving the rendering of services. On initial application of a relevant standard or interpretation. Construction contracts. including deferred taxes. 24.(d). Taxes.(e)
26. (ii) the nature of any externally imposed capital requirements and how those requirements are incorporated into the management of capital. 7p46 1p119
20. (b) that the change in accounting policy is made in accordance with its transitional provisions. 102
IFRS6p21. Policy for allocating exploration and evaluation assets to
1p134 1p135(a)(i). (c) any changes in (a) and (b) compared to the prior period. 17. Exploration and evaluation expenditures including the recognition of exploration and evaluation assets. the consequences of non-compliance.(a)(iii). (a)(ii). Government grants: (a) accounting policy. and (iii) how the entity is meeting its objectives for managing capital.
20p39(a) 1p119
and (b) methods used to measure stage of completion of contracts in progress. (b) summary quantitative data about what the entity manages as capital.(c). policies and processes for managing capital. 1p119 18p35(a)
REF
15. Policy for all assets including the selection of the cash- generating units to allocate the corporate assets and goodwill for the purpose of assessing such assets for impairment cash-generating units or groups of cash-generating units for the purpose of assessing such assets for impairment.

to the extent practicable. (b) the reasons why applying the new accounting policy provides reliable and more relevant information. when applicable. (b) the nature of the impending change or changes in accounting policy. The criteria
14
. (d) the amount of the adjustment relating to periods before those presented. the impact on basic and diluted earnings per share. and (b) known or reasonably estimable information relevant to assessing the possible impact that application of the new standard or interpretation will have on the entity’s financial statements in the period of initial application. the impact on basic and diluted earnings per share. (f) the amount of the adjustment for the current period and each prior period presented. disclose: (a) the nature of the change in accounting policy.
8p30
DV8p31
3. to the extent practicable: (i) for each financial statement line item affected. On a voluntary change in accounting policy. a statement to that effect. when applicable. and (e) either: (i) a discussion of the impact that initial application of the standard or interpretation is expected to have on the entity’s financial statements. An entity may change its accounting policies for exploration and evaluation if the change makes the financial statements more relevant to the economic decision-making needs of users and no less reliable. the circumstances that led to the existence of that condition and a description of how and from when the change in accounting policy has been applied. or for periods before those presented. or (ii) if that impact is not known or reasonably estimable. (g) the amount of the adjustment relating to periods before those presented. to the extent practicable: (i) for each financial statement line item affected. 5. (d) the date as at which it plans to apply the standard or interpretation initially. 14
Exploration and evaluation expenditures. and (h) if the retrospective application required is impracticable for a particular prior period.Disclosure checklist 2009 – Section A2 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(c) the nature of the change in accounting policy. or more reliable and no less relevant to those needs. the circumstances that led to the existence of that condition and a description of how and from when the change in accounting policy has been applied. (d) a description of the transitional provisions. disclose: (a) the fact that the entity did not apply the new standard or interpretation that has been issued but is not yet effective. and (e) if the retrospective application required is impracticable for a particular prior period. These disclosures need not be repeated in the financial statements of subsequent periods. These disclosures need not be repeated in the financial statements of subsequent periods.
8p29
IFRS6p13. and (ii) if IAS 33 applies to the entity. If an entity has not applied a new relevant standard or interpretation that has been issued but is not yet effective. In complying with the previous paragraph. and (ii) if IAS 33 applies to the entity. (c) the date by which application of the standard or interpretation is required. consider disclosing: (a) the title of the new standard or interpretation. (e) the transitional provisions that might have an effect on future periods. or for periods before those presented. to the extent practicable. 4. (c) the amount of the adjustment for the current period and each prior period presented.

(e) a single amount comprising the total of: (i) the post-tax profit or loss on discontinued operations.(f). or (b) in a statement displaying components of profit or loss (a separate income statement) and a second statement beginning with profit or loss and displaying components of other comprehensive income (statement of comprehensive income). Components of other comprehensive income may be presented: (a) net of related tax effects. line items showing the following amounts for the period: (a) revenue. and (b) total comprehensive income for the period attributable to: (i) minority interests. if presented) when such presentation is relevant to an understanding of the entity’s financial performance. 4. and (ii) owners of the parent. 3. (c).(b). and (ii) the post-tax gain or loss recognised on the measurement to fair value less costs to sell or on the disposal of the assets or disposal groups that make up discontinued operations.(d).Disclosure checklist 2009 – Sections A2- A3 Y-NA-NM REF
in IAS 8 should be followed for the change in the accounting policy. Include in the statement of comprehensive income. either in the statement of comprehensive income or in the notes.(i)
1p83(a)(i). 1. (b)(ii)
1p84
1p85
1p90
15
Section A – Disclosures for consideration by all entities
. Entities may present the line items and disclosure as required by paragraphs 82 and 83 above in the statement of comprehensive income or in the separate income statement (if presented). (d) tax expense. 5. (h) share of the other comprehensive income of associated joint ventures accounted for using the equity method. Disclose. Disclose the following in the statement of comprehensive income as allocations for the period: (a) profit or loss for the period attributable to: (i) minority interests. Present additional line items. (a)(ii).(g). headings and subtotals in the statement of comprehensive income (and the separate income statement. the amount of income tax relating to each component of other comprehensive income including reclassification adjustments.(b)(i). or
1p81(a).
A3
Statement of comprehensive income and related notes
1.(b)
1p82(a). Present all items of income and expense recognised in a period: (a) in a single statement of comprehensive income. 2. (b) finance costs.(e)(i) (e)(ii). (g) each component of other comprehensive income classified by nature (excluding amounts in (h)). and (i) total comprehensive income. and (ii) owners of the parent. (c) share of profit or loss of associates and joint ventures accounted for using the equity method. as a minimum. (f) profit or loss. General disclosures
Refer to the Appendix to IAS 1 for an example income statement. (h).

Disclose reclassification adjustments relating to components of other comprehensive income. 11. 18. If it is impracticable to estimate the amount. amortisation and employee benefits expense. Give an analysis of expenses recognised in profit or loss using 1p101 a classification based on either their nature or their function
1p104
within the entity. disclose their nature and amount separately.
1p97
8. as described in IAS 1 para 81. Entities are encouraged to present this analysis in the statement of comprehensive income or in the separate income statement (if presented). If an estimate of an amount reported in an interim period changes significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period. either: (a) separately or under a general heading such as ‘Other income’. When an entity uses a by function analysis. the nature and amount of that change in estimate should be disclosed in a note to the annual financial statements for that financial year. 12. 13. isclose the nature and amount of a change in an accounting D estimate that has an effect in the current period or that is expected to have an effect in future periods. 14. disclose additional information on the nature of expenses. Present actuarial gains and losses recognised in other comprehensive income in the statement of comprehensive income. disclose this fact. cost of sales separate from other expenses. Government grants related to income are sometimes presented as a credit in the statement of comprehensive income.
20p29
10. whichever provides information that is reliable and more relevant. 17. 40
34p26
16
. 19. including depreciation.
1p92
1p94
6. it discloses at a minimum. This is only applicable when the reporting entity publishes an interim financial report prepared in accordance with IAS 34
20p29A
33p4
33p4A
19p93B
IFRS1p6 12p81
8p39. presents earnings per share only in that separate statement.
1p99. 16. or (b) deducted in reporting the related expense. as described in IAS 1 para 81. When items of income and expense are material. If an entity presents the components of profit or loss in a separate income statement. An entity presenting reclassification adjustments in the notes presents the components of other comprehensive income after any related reclassification adjustments.1p100. it presents grants related to income as required in IAS 20 para 29. Disclose separately the amount of income tax relating to each component of other comprehensive income. Prepare and present an opening IFRS statement of financial position at the date of transition to IFRSs. 15. An entity that presents the components of profit or loss in a separate income statement. 9. An entity that chooses to disclose earnings per share based on its separate financial statements presents such earnings per share information only in its statement of comprehensive income and not in the consolidated financial statements. 7.Disclosure checklist 2009 – Sections A3 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(b) before related tax effects with one amount shown for aggregate amount of income tax relating to those components. Where the entity classifies expenses by function. An entity may present reclassification adjustments in the statement of comprehensive income or in the notes.

(b) a restructuring of the activities of an entity and the reversal of any provisions for the costs of restructuring. Employee benefits – disclose: (a) the expense for defined contribution plans. (d) disposals of investments. 6. including depreciation. Items not individually material are aggregated with other items in the statement of comprehensive income or in the notes. (iv) expected return on any reimbursement right recognised as an asset.
1p98(b)
1p98(c) 1p98(d) 1p98(e) 1p98(f) 1p98(g) 1p99. If expenses are classified by function. whichever provides information that is reliable and more relevant.
Disclose the amount of each significant category of revenue recognised during the period. If expenses are classified by function. (c) disposals of items of property. (d) the expense resulting from other long-term employee benefits. (ii) interest cost. plant and equipment.
2. amortisation expense and employee benefits expense. and the line item of the income statement in which it is included (refer to Section A5. including revenue arising from: (a) the sale of goods. 8.1p100
1p104
1p103
7. at a minimum. and the line item(s) of the income statement in which they are included: (i) current service cost. (b) for defined benefit plans – the total expense for each of the following. Entities are encouraged to present this analysis in the statement of comprehensive income or in the separate income statement (if presented).Disclosure checklist 2009 – Section A3 Y-NA-NM REF
2. (v) actuarial gains and losses. plant and equipment to recoverable amount. (c) interest. and (g) other reversals of provisions. (b) the rendering of services. and (e) dividends. Circumstances that would give rise to the separate disclosure of items of income and expense include: (a) the write-down of inventories to net realisable value or of property. (iii) expected return on plan assets.18(c)). as well as the reversal of such write-downs. 5. Disclose the amount of non-cash revenue arising from exchanges of goods or services included in each significant category of revenue. in an arrangement that has the legal form of a lease but that in substance does not involve a lease under IAS 17. the amount recognised as income in the period. and (ii) the actual return on any reimbursement right recognised as an asset. and
9. (e) discontinued operations. if significant. (d) royalties. (f) litigation settlements. 19p120A(m) 19p131
19p46 19p120A(g)
17
Section A – Disclosures for consideration by all entities
. Present an analysis of expenses recognised in profit or loss using a classification based on either the nature of expenses or their function within the entity. Individual items
18p35(b)
18p35(c)
1. Disclose the accounting treatment applied to any fee received
1p30
1p98 1p98(a)
4.
SIC27p10(b) 3. and (vii) the effect of any curtailment or settlement. disclose additional information on the nature of expenses. (i) the actual return on plan assets. disclose the cost of sales separately from other expenses. (c) for defined benefit plans. (vi) past service cost.

and those on financial assets or liabilities that are classified as held for trading in accordance with IAS 39. and the amount removed from equity and recognised in profit or loss for the period.
IFRS7p20
18
. 15. showing separately the amount of gain or loss recognised directly in equity during the period. and (v) financial liabilities measured at amortised cost. 16. Disclose the following material items resulting from financial assets and financial liabilities: (a) income.
40p32C
IFRS7p20
14. (b) total interest income and total interest expense (calculated using the effective interest method) for financial assets or liabilities that are not at fair value through profit or loss. trusts. Disclose the following amounts recognised during the IFRS3p67(g) period and the line item(s) of the income statement in which
40p75(f)
they are included: (a) amortisation of intangible assets (by each class). (b) expense. and (ii) trust and other fiduciary activities that result in the holding or investing of assets on behalf of individuals. retirement benefit plans and other institutions. (c) fee income and expense (other than amounts included in determining the effective interest rate) arising from: (i) financial assets and liabilities that are not at fair value t hrough profit or loss. recognised during the period. showing separately those on financial assets or financial liabilities designated as such upon initial recognition. 11. liabilities and contingent liabilities over cost recognised as income. (c) gains. (ii) available-for-sale financial assets. (b) direct operating expenses including repairs and maintenance arising from investment property that generated rental income during the period. Disclose for each class of assets the following amounts
38p118(d) 13. and (d) the cumulative change in fair value recognised in profit or loss on a sale of investment property from a pool of assets in which the cost model is used into a pool in which the fair value model is used. isclose research and development expenditure recognised as D an expense during the period. (iv) loans and receivables. and (b) reversals of impairment losses. The disclosures in para 16 above should include the following: (a) net gains or losses on: (i) financial assets or financial liabilities at fair value through profit or loss. and (d) losses. and the line item(s) of the income statement in which they are included: (a) impairment losses. and (b) excess of acquirer’s interest in the net fair value of acquiree’s assets. if significant. Disclose the amount of foreign exchange differences recognised in profit or loss except for those arising on financial instruments measured at fair value through profit or loss in accordance with IAS 39. Investment property – disclose: (a) rental income.
10.Disclosure checklist 2009 – Section A3 Y-NA-NM
19p142
Section A – Disclosures for consideration by all entities
REF
38p126 21p52(a)
(e) the expense resulting from termination benefits. (c) direct operating expenses including repairs and maintenance arising from investment property that did not generate rental income during the period.
36p126(a)(b) 12. (iii) held-to-maturity investments.

the statement of changes in equity shows the following items: (a) total comprehensive income for the period. (d) for each component of equity. (b) for each component of equity. a reconciliation between the carrying amount at the beginning and the end of the period.Disclosure checklist 2009 – Sections A3-A4 Y-NA-NM REF
(d) interest income on impaired financial assets.(d)
19
Section A – Disclosures for consideration by all entities
. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8. Extraordinary items
1. and (e) the amount of any impairment loss for each class of financial asset. IAS 12 para 80. (b). Disclose the major components of tax expense (income). Provide an explanation of changes in the applicable tax rate(s) compared to the previous period. No items of income or expense should be presented as extraordinary items. (c). (ii) each item of other comprehensive income. Income tax
12p79
12p81(c)
1. showing separately the total amounts attributable to owners of the parent and to minority interest. separately disclosing changes resulting from: (i) profit or loss. multiplied by the applicable tax rate(s). the statement of changes in equity shows the following items: (a) total comprehensive income for the period. For companies adopting IAS 27 (revised) (which amends IAS 1 for annual periods beginning on or after 1 July 2009): Ensure that. (d)
1p106 (a). including the related amount per share. and (iii) transactions with owners in their capacity as owners. where applicable. Statement of changes in equity
1.(b). (c) the amounts of transactions with owners in their capacity as owners. disclosing also the basis on which the applicable tax rate(s) is (are) computed (refer to IAS 12 para 85). (b) for each component of equity.
3. 2. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8. showing separately contributions by and distributions to owners (note that IAS 1para 107 also requires disclosure of dividends. showing separately the total amounts attributable to owners of the parent and to non-controlling interests. showing separately contributions by and distributions to owners and changes in ownership interests in subsidiaries that do not result in a loss of control. disclosing also the basis on which the applicable tax rate is computed (refer to IAS 12 para 85). where applicable.
12p81(d)
3. Provide an explanation of the relationship between tax expense (income) and accounting profit in either of the following forms: (a) numerical reconciliation between tax expense (income) and product of accounting profit. either in this statement or in the notes -
1p106(a). gives examples of the major components of tax expense (income). either in the statement of comprehensive income or the separate income statement (if presented) or in the notes.
A4
Statement of changes in equity and related notes
1.
1p87
4. or (b) a numerical reconciliation between the average effective tax rate and the applicable tax rate. For companies not adopting IAS 27 (revised): Ensure that.

disclose separately the amount. (d) a reconciliation of the number of shares outstanding at the beginning and end of the year. recognised directly in equity during the period.
12p81(a)
36p126(c). or that the shares have no par value. Disclose the aggregate current and deferred tax relating to items charged or credited to equity. Disclose the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to equity holders during the period. the amount of dividends recognised as distributions to owners during the period and the related amount per share.18.(i) 1p79(a). It is useful to disclose the analysis by category of temporary differences. for example. General disclosures
1p79(b) 16p77(f) 38p124(b)
1. Disclose the following for each class of share capital either on the balance sheet or in the statement of changes in equity or in the notes (this information is usually disclosed in the notes): (a) the number of shares authorised. and the related amount per share. a reconciliation between the carrying amount at the beginning and the end of the period.20 AG25. (f) shares in the entity held by the entity itself or by the entity’s subsidiaries or associates.
2. 6. An entity without share capital. and (g) shares reserved for issuance under options and sales contracts. (b) the number of shares issued and fully paid. although it is not specified in IAS 1). should disclose information equivalent to that required in IAS 1 para 79(a). Certain types of preference shares should be classified as liabilities (not in equity).(ii) 1p79(a). (c) par value per share.(iii) 1p79(a). When a change in the redemption prohibition leads to a transfer between financial liabilities and equity. the accumulated balance of each class of other comprehensive income and retained earnings.
1p80
10p12 1p137(a)
8. 1p79(a).Disclosure checklist 2009 – Section A4 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
1p107
the presentation of these disclosures in the statement of comprehensive income is not permitted). (e) the rights.(v) 1p79(a)(vi) 1p79(a)(vii)
32p15. each class of contributed equity.
20
. including restrictions on the distribution of dividends and the repayment of capital. preferences and restrictions attached to each category of equity interest. 7. including the terms and amounts. 3. showing movements during the period in each category of equity interest and the rights. and issued but not fully paid.
1p108
2.
32p39
3. Disclose a description of the nature and purpose of each reserve within shareholders’ equity. Disclose the amount of impairment losses and the amount of reversals of impairment losses. Disclose the amount of transaction costs accounted for as a deduction from equity in the period is disclosed separately in the notes. Disclose. for each class of assets.AG26 IFRIC2p13
5. (d)
1p79(a)
4. separately disclosing each change. either in the statement of changes in equity or in the notes.(iv) 1p79(a). 2. timing and reason for the transfer. including restrictions on the distribution of the revaluation reserves (this usually includes details of any restrictions on distributions for each reserve in shareholders’ equity. In IAS 1 para 106 the components of equity include. preferences and restrictions attached to each class of share capital. and (d) for each component of equity. such as a partnership. Refer to IAS 32 para 18(a).

Do not classify deferred tax assets or liabilities as current assets or liabilities. but separately from shareholders’ equity (if the amendments to IAS 27 have been adopted the reference to ’minority interest’ in IAS 1 para 54(q) is replaced with ‘non-controlling interest’ and the reference to ‘parent shareholders’ equity’ is replaced with ‘parent’s ownership interests’). Any cumulative income or expense recognised directly in equity in relation to a non-current asset (or disposal group) classified as held for sale. (c) intangible assets. (c). (n) liabilities and assets for current tax. If they are not made on the face of the balance sheet. (g) inventories. This disclosure is made either in the statement of financial position or in the notes. (j) the total of assets classified as held for sale and assets included in disposal groups classified as held for sale in accordance with IFRS 5.(r)
1p55
1. (n). 5. An entity is permitted to use a mixed basis of presentation including current/non-current classification and in order of liquidity when this provides information that is reliable and more relevant – for example. 10.
A5
Balance sheet and related notes
1.(o). General disclosures
Refer to the Appendix to IAS 1 for an example balance sheet. (f) biological assets. (q) minority interest.
1p60
1p64
21
Section A – Disclosures for consideration by all entities
. (e) investments accounted for using the equity method. when an entity has diverse operations. the following line items: (a) property. Ensure also that assets and liabilities are presented in order of their liquidity. (b) investment property. ensure that a presentation based on liquidity provides information that is reliable and more relevant. (k) trade and other payables. classified in a manner appropriate to the entity’s operations.(j). (m) financial liabilities (excluding amounts shown under (k) and (l)). (p) liabilities included in disposal groups classified as held for sale in accordance with IFRS 5. apply the classification rules in IAS 1 paras 66-76. Disclose further sub-classifications of the line items presented. Disclose the amount of any cumulative preference dividends not recognised. heading and subtotals on the face of the statement of financial position when such presentation is relevant to an understanding of the entity’s financial position.(m). presented within equity. and (r) issued capital and reserves attributable to owners of the parent. (d) financial assets (excluding amounts shown under (e). 4.(h).(l). (o) deferred tax liabilities and deferred tax assets. plant and equipment. as defined in IAS 12.
1p56 1p77
2.(f).Disclosure checklist 2009 – Sections A4-A5 Y-NA-NM
1p137(b) IFRS5p38
REF
9. If the current/non-current distinction of assets and liabilities made is on the face of the balance sheet.
Include in the statement of financial position. as a minimum.(i). (l) provisions.(e). (h) and (i)). as defined in IAS 12. (h) trade and other receivables. (g).(b).(d). (i) cash and cash equivalents.(p). Present additional line items.
1p54(a). 3. (k). (q).

(b)
6.5. preferences and restrictions for each class of share. plant and equipment (Section A5.
Whichever method of presentation is applied.Disclosure checklist 2009 – Section A5 Y-NA-NM
1p61
Section A – Disclosures for consideration by all entities
REF
1p78(e). If an estimate of an amount reported in an interim period – for example.
22
. disclose the non-current portion (the amount expected to be recovered or settled after more than 12 months) for each asset and liability item that combines current and non-current amounts.3. (ii) the number of shares issued and fully paid. para 6).7.
34p26
2.
For each class of provision. and (c) the amount of any expected reimbursement. disclose the nature and amount of that change in estimate in a note to the annual financial statements for that financial year.
2. share premium and reserves. (v) the rights.
3. This item is applicable only when the reporting entity publishes an interim financial report prepared in accordance with IAS 34. and (vii) shares reserved for issue under options and contracts for the sale of shares. para 3(c) and 3(d)). provide: (a) a brief description of the nature of the obligation and of the expected timing of any resulting outflows of economic benefits. (a)(v). 1p79 (a)(i). including the terms and amounts.131. 36p130. as addressed in IAS 37 para 48). stating the amount of any asset that has been recognised for that expected reimbursement. 16p77(c)(d) (ii) property. and (b) a description of the nature and purpose of each reserve within equity. 134 determining impairment losses or reversals (Section A7. (a)(vii). disclose the major assumptions made concerning future events. The specific disclosure requirements in the other sections of this disclosure checklist include: (a) methods and assumptions applied in determining fair values for: 40p75(c)-(e) (i) investment property (Section A2. and issued but not fully paid. Note that certain standards require further specific disclosures about sources of estimation uncertainty and judgements. (iv) a reconciliation between the number of shares outstanding at the beginning and the end of the reporting period. (a)(iii). Equity capital and reserves are disaggregated into various classes. including restrictions on dividends and the repayment of capital. or that the shares have no par value. (b) an indication of the uncertainties about the amount or timing of those outflows (where necessary to provide adequate information. Disclose the following information either in the statement of financial position or the statement of changes in equity or in the notes: (a) for each class of share capital: (i) the number of shares authorised. a provision – is changed significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period. (vi) shares in the entity held by the entity itself or by its subsidiaries or associates.
7.2. Measurement uncertainty
37p85
1. 38p124(c) (iii) intangible assets (Section A5. (a)(iv). (a)(ii). para 5). (iii) the par value per share. paras 1 and 4). such as paid-in capital. (iv) impairment of assets – basis and key assumptions for 133. (a)(vi).

2. liabilities. (b) assets classified as held for sale under IFRS 5 and other disposals. timing and uncertainty of future cash flows from insurance contracts (Section E. timing and certainty of cash flows relating to the following: (i) contingencies (Section A5.(b)
23
Section A – Disclosures for consideration by all entities
.131. (vi) financial instruments (Section A8). 133.Disclosure checklist 2009 – Section A5 Y-NA-NM
IFRS3p67(d). 1. plant and equipment (PPE). (h) net exchange differences on the translation of financial statements into a different presentation currency and on translation of a foreign operation into the presentation currency of the reporting entity. para 1 and 4).
3. (g) depreciation.1 para (e)) and adjustments made to provisional values (Section A7. (ii) financial instruments – terms and conditions that may affect the amount. (iii) insurance – process used to determine assumptions that have the greatest effect on the measurement of recognised assets.57
The disclosure requirements of IAS 16 apply to owned assets and to the amounts of leased assets held under finance leases in the lessee’s accounts. (c) acquisitions through business combinations.
16p73(d) 1p78(a)
16p73(e)
36p126(a). and (c) other relevant disclosures: (i) impairment of assets – key assumptions for cash flow projections.134
19p120A(u)
IFRS4p37
26p35
(v) business combinations – basis for determining fair value of instruments issuable in a business combination (Section A7. and (iv) retirement benefit plan entities – actuarial assumptions (Section F. Provide a reconciliation of the carrying amount for each class of PPE at the beginning and end of each period presented showing: (a) additions. and (i) other movements. timing and certainty of future cash flows (Section C3). periods covered by projections.1 para 6). (d) increases or decreases during the period that result from revaluations and impairment losses recognised or reversed directly in equity under IAS 36. para 2 to 5). and (viii) agricultural produce and biological assets (Section C2. paras 14 and 15). (vii) share-based payments (Section B7. para 2).73
REF
IFRS7p27 IFRS2p46 41p47 37p86 IFRS7p31 SIC 29p6-7 IFRS4p37 36p130.7. plant and equipment
17p32. (b) nature.23).1 para 5). (f) impairment losses reversed during the period. disclose the line items of the statement of comprehensive income in which impairment losses and reversals of impairment losses are included. growth rates for extrapolations and discount rates in determining value in use (Section A7. For each class of asset. Property. (ii) post-employment defined benefit plans – principal actuarial assumptions (Section A5. Disclose the gross carrying amount and the accumulated depreciation (including accumulated impairment losses) for each class of property. an insurer shall also give quantified disclosure of those assumptions. timing and certainty of future cash flows. at the beginning and end of each period presented. When practicable. (e) impairment losses recognised during the period. income and exposes from insurance contracts.17. (iii) public service concession arrangements – terms and conditions that may affect the amount. para 2). and (iv) insurance – information about nature.

Disclose the amount of expenditures on account of PPE in the course of construction. Disclose the amounts of PPE pledged as security for liabilities. Provide the net carrying amount for each class of assets held under finance leases. Provide a reconciliation of the carrying amount of investment
property at the beginning and end of each period presented. or the extent to which they were estimated using other valuation techniques. 7. An entity that holds an investment property under a finance or operating lease provides lessees’ disclosures for finance leases and lessors’ disclosures for any operating leases into which it has entered. Voluntary disclosures: (a) the carrying amount of temporarily idle PPE. (b) the gross carrying amount of any fully depreciated PPE that is still in use. If it is not disclosed separately on the face of the income statement. (b) additions resulting from acquisitions through business combinations. disclose the amount of compensation from third parties for items of PPE that were impaired. 8. the fair value of PPE if this is materially different from the carrying amount. 79(d) 1. disclose: (a) the effective date of the revaluation.
For PPE stated at revalued amounts.Disclosure checklist 2009 – Section A5 Y-NA-NM
16p77
Section A – Disclosures for consideration by all entities
REF
3. the carrying amount that would have been recognised had the assets been carried under the cost model. Disclose: (a) the amount of borrowing costs capitalised during the period. 6. (b) whether an independent valuer was involved. 11. 5. and (d) when PPE is carried at cost less depreciation.
23p26(a)
23p26(b)
17p31(a)
DV. (c) the methods and significant assumptions applied in estimating the items’ fair values. disclosing separately those additions resulting from acquisitions and those resulting from subsequent expenditure recognised in the carrying amount of the asset. Treat these assets as a separate class of assets and make the disclosure required by IAS 16 if they are classified as items of property. plant and equipment. and (e) for each revalued class of PPE.
24
.
16p74(a) 16p74(a) 16p74(b) 16p74(d)
4. the owner of an investment property provides lessors’ disclosures about leases into which it has entered. Refer also to the disclosures on revaluation surplus in Section A4. Disclose the existence and amounts of PPE whose title is restricted. lost or given up and that is included in profit or loss Borrowing costs. showing separately those carried at fair value and those measured at cost because the fair value cannot be determined reliably: (a) additions.
IFRS6p25
4. (c) the carrying amount of PPE retired from active use and not classified as held for sale under IFRS 5. 16p79
9.
40p76. (d) the extent to which the items’ fair values were determined directly by reference to observable prices in an active market or recent market transactions on arm’s length terms. 10. and (b) the capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation. Investment property
The disclosures below apply in addition to those in IAS 17. Exploration and evaluation assets. In accordance with IAS 17.

and (iii) the carrying amount of that investment property at the time of sale. and on translation of a foreign operation into the presentation currency of the reporting entity. and the amount of impairment losses reversed.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
40p78
(c) assets classified as held for sale or included in a disposal group classified as held for sale in accordance with IFRS 5 and other disposals. (e) net exchange differences arising on the translation of the financial statements into a different presentation currency and on translation of a foreign operation into the presentation currency of the reporting entity. but certain investment properties are carried under the IAS 16 cost model because of the lack of a reliable fair value. (c) the range of estimates within which fair value is highly likely to lie. disclose: (i) a description of the investment property. disclose: (i) that the entity has disposed of investment property not carried at fair value. and (g) other changes.
40p79(a) 40p79(b) 40p79(c)
40p79(d)
40p79(e)
25
Section A – Disclosures for consideration by all entities
. (ii) the amount of impairment losses recognised. When an entity cannot reliably determine the fair value of the investment property. (f) transfers to and from inventories. and (ii) at the end of the period. and (iv) the gain or loss on disposal. (iii) the net exchange differences arising on the translation of the financial statements into a different presentation currency. (b) an explanation of why fair value cannot be reliably measured. disclose in the reconciliation required in IAS 40 para 76 amounts relating to that investment property separately from amounts relating to other investment property
40p75(e)
40p78
2. disclose the fact. Disclose the existence and amounts of restrictions on the realisability of investment property or the remittance of income and proceeds of disposal. If an entity uses the cost model disclose in addition to para 1 above: (a) depreciation methods used. (b) the useful lives or the depreciation rates used.
3. and (d) if the entity disposes of investment property whose fair value previously could not be measured reliably. If the fair value model is used. provide: (a) a description of the investment property. (ii) the carrying amount of that investment property at the time of sale. 40p78(a) 40p78(b) 40p78(c) 40p78(d) 40p78(c)(i) 40p78(c)(ii) 40p78(c)(iii) 40p78(c)(iv)
40p75(g)
4. (d) the net gains or losses from fair value adjustments (where the fair value model in IAS 40 is used). When an entity that applies the fair value model to investment property measures a property using the cost model in IAS 16 (in accordance with IAS 40 para 53) because fair value cannot be measured reliably. (d) a reconciliation of the carrying amount at the beginning and end of the period of: (i) depreciation. and (c) the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses): (i) at the beginning of the period. and (e) the fair value of investment property. 5. during the period in accordance with IAS 36. If there has been no valuation by an independent professionally qualified valuer. and owner-occupied property.

(b) the carrying amount of revalued intangible assets. (i) other movements. (e) impairment losses recognised during the period. (g) amortisation recognised during the period.
6. and (c) remaining amortisation period. disclose: (a) the carrying amount. disclose: (a) a reconciliation between the valuation obtained and the adjusted valuation included in the financial statements. Show the following in the reconciliation: (a) gross carrying amount and accumulated amortisation (including accumulated impairment losses) at the beginning of the period. disclose for each class of intangible assets: (a) the effective date of the revaluation.
5. (b) its carrying amount. 3. For intangible assets with indefinite useful lives. and (j) the gross carrying amount and accumulated amortisation (including accumulated impairment losses) at the end of the period. distinguishing between: (a) internally generated intangible assets. and (b) other intangible assets. and (ii) any other significant adjustments. Comparative information for these items is required. 1. and those acquired through business combinations). When a valuation obtained for investment property is adjusted significantly for the purpose of the financial statements (for example. to avoid double-counting of assets or liabilities that are recognised as separate assets and liabilities as described in IAS 40 para 50). (d) increases or decreases resulting from revaluations. IAS 38 para 119 gives examples of separate classes of intangible assets. (c) assets classified as held for sale or included in a disposal group classified as held for sale (in accordance with IFRS 5) and other disposals. (h) exchange differences from the translation of the financial statements into a presentation currency that is different to the entity’s functional currency and from the translation of a foreign operation into the entity’s presentation currency. and (b) separately. A reconciliation of the carrying amount in respect of each class of intangible asset. those acquired separately. and (iii) the range of estimates within which fair value is highly likely to lie.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
40p77
(ii) an explanation of why fair value cannot be reliably measured. (b) additions (indicating separately those from internal development. and
26
. (f) impairment losses reversed during the period. The entity is required to provide the following for any individual intangible asset that is material to the financial statements of the entity as a whole: (a) a description of the asset. in the reconciliation: (i) the aggregate amount of any recognised lease obligations that have been added back.57
38p118 38p118(e)
The disclosure requirements of IAS 38 apply to owned intangible assets and to the amounts of leased intangible assets held under financial leases in the lessee’s accounts. For intangible assets carried at revalued amounts. Intangible assets (excluding goodwill)
17p32. 2. and (b) the reasons supporting the assessment of an indefinite useful life.
38p118(c)
1p36
38p122(a)
38p122(b)
38p124(a)
4.

recognised or reversed for an individual asset or cash-generating unit (CGU) during the period. Exploration and evaluation assets. (f) net exchange differences arising during the period. (b) additions.
38p122(c)
DV. 2. 38p128
7. Voluntary disclosures: (a) fully amortised intangible assets that are still in use. Disclose: (a) the existence and amounts of intangible assets whose title is restricted. Provide a reconciliation of the carrying amount of goodwill. For intangible assets acquired through a government grant and initially recognised at fair value (refer to IAS 38 para 44). The official term is ‘excess of acquirer’s interest in the net fair value of acquiree’s identifiable assets. (b) their carrying amount. (e) impairment losses recognised during the period. (c) adjustments resulting from the subsequent recognition of deferred tax assets during the period in accordance with IFRS 3 para 65.57
The disclosure requirements of IAS 36 apply to owned assets and to the amounts of leased assets held under finance leases in the lessee’s accounts. The term ‘negative goodwill’ is used in this publication in the interest of brevity. (g) other changes during the period. disclose: (a) the fair value initially recognised for these assets. (d) disposals. is material to the financial statements of the reporting entity. 8. and (b) the amounts of intangible assets pledged as security for liabilities. and (b) details of significant intangible assets controlled by the entity but not recognised because they did not meet the recognition criteria in IAS 38 or because they were acquired or generated before IAS 38 (1998 version) became effective. showing: (a) gross carrying amount and accumulated impairment losses at the beginning of the period. liabilities and contingent liabilities over cost’. Where an impairment loss. Impairment of assets
17p32. disclose such additional information as is necessary to meet that objective.
27
Section A – Disclosures for consideration by all entities
.
38p122(d)
5. If the information that is required to be disclosed by IFRS 3 does not disclose enough information to enable users to evaluate the nature and financial effect of a business combination. Disclose the method and significant assumptions applied in estimating the fair values of the intangible assets. Comparative information for these items is required. and (c) whether they are carried at cost less depreciation or at revalued amounts. disclose:
36p130
1
The IASB no longer uses the term ‘negative goodwill’. 1. 9. 6.
1p38 IFRS3p77
7. Treat these assets as a separate class of assets and make the disclosures required by IAS 38 if they are classified as intangible asset
IFRS6p25
IFRS3p75
6. Goodwill and ‘negative goodwill’1
1. and (h) gross carrying amount and accumulated impairment losses at the end of the period.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
38p124(c)
(c) the carrying amount that would have been included in the financial statements had the cost model been used (as if the assets had been carried at cost less accumulated depreciation and accumulated impairment losses).

If any portion of the goodwill acquired in a business combination during the reporting period has not been allocated to a CGU at the reporting date: (a) disclose the amount of the unallocated goodwill. the discount rates used in current estimate and previous estimate (if any) of value in use. a business operation. and (b) disclose the reasons why that amount remains unallocated. (ii) the amount of the impairment loss recognised or reversed: – by class of assets.
Disclose the following information for the aggregate impairment losses and the aggregate reversals of impairment losses recognised during the period for impairment losses or reversals that are not individually material (a) the main classes of assets affected by impairment losses (or reversals of impairment losses).
28
. disclose the following for each CGU (or group of CGUs): (a) the carrying amount of allocated goodwill. The disclosures in this section relating to segments are applicable to entities that apply IAS 14 – refer to Section D1. (e) whether the recoverable amount of the asset or CGU is its fair value less costs to sell or its value in use. a plant. or a reportable segment as defined in IAS 14) (refer to Section D1). and (ii) the segment to which the asset belongs (based on primary format) (refer to Section D1). a geographical area. (f) the basis used to determine fair value less costs to sell if the recoverable amount is the fair value less costs to sell (for example.
36p134
3. and (g) if the recoverable amount is value in use. Where the carrying amount of goodwill or intangible assets with indefinite useful lives allocated to a CGU (or group of CGUs) is significant in comparison to the total carrying amount of goodwill or intangible assets with indefinite useful lives.
36p131
36p133
2. and (iii) if the aggregation of assets for identifying the CGU has changed since the previous estimate of the CGU’s recoverable amount. (c) the basis on which the recoverable amounts of the CGUs (group of CGUs) have been determined (value in use or fair value less cost to sell). the entity should describe the current and former method of aggregating assets and the reasons for changing the way the CGU is identified. (d) for a CGU: (i) a description of the CGU (such as whether it is a product line.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(a) the events and circumstances that led to the recognition or reversal of the impairment loss. 4. (c) for an individual asset: (i) the nature of the asset. and (b) the main events and circumstances that led to the recognition (reversal) of these impairment losses. (b) the amount of the impairment loss recognised or reversed. (b) the carrying amount of intangible assets with indefinite useful lives. (d) if the recoverable amounts of the CGUs are based on value in use: (i) a description of each key assumption on which management has based its cash flow projections for the period covered by the most recent budgets/ forecasts (key assumptions are those to which the recoverable amounts of the CGUs are most sensitive). and – by reportable segment based on the entity’s primary format (refer to Section D1). whether it was determined by reference to an active market or in some other way).

and the justification for using any growth rate that exceeds the long-term average growth rate for the products. and (f) if a reasonably possible change in a key assumption on which management has based its determination of the CGU’s recoverable amount would cause the CGU’s carrying amount to exceed its recoverable amount: (i) the amount by which the aggregate of the CGU’s recoverable amounts exceeds the aggregate of their carrying amounts. If the recoverable amounts of any of those CGUs (or group of CGUs) are based on the same key assumptions. (e) if the CGUs’ recoverable amounts are based on the fair value less cost to sell. disclose how and why they differ from past experience and/or external sources of information. and (iii) the amount by which the value assigned to the key assumption must change. and (v) the discount rate(s) applied to the cash flow projections. industries. in order for the CGU’s recoverable amount to be equal to its carrying amount.
36p135
29
Section A – Disclosures for consideration by all entities
. together with: (a) the aggregate carrying amount of goodwill allocated to those CGUs (or groups of CGUs). if appropriate. If fair value less cost to sell is not determined using observable market prices for the CGUs. how and why they differ from past experience and/or external sources of information. together with the aggregate carrying amount of goodwill or intangible assets with indefinite lives allocated to those CGUs (or group of CGUs). and if not. whether those values reflect past experience and/or. (ii) the value assigned to the key assumptions. or for the market to which the CGU is dedicated.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
36p135
5. if appropriate. disclose that fact. when a period greater than five years is used for a CGU (or group of CGUs). disclose that fact. disclose the following information: (i) a description of each key assumption on which management has based its determination of fair value less cost to sell (key assumptions are those to which the recoverable amounts of the CGUs are most sensitive). after incorporating any consequential effects of that change on the other variables used to measure recoverable amount. If some or all of the carrying amount of goodwill or intangible assets with indefinite lives is allocated across multiple CGUs (or groups of CGUs) and the amount allocated to each CGU (or group of CGUs) is not individually significant. are consistent with external sources of information. If not. an explanation of why that longer period is justified. whether those values reflect past experience and/or are consistent with external sources of information. (iii) the period over which management has projected cash flows based on financial budgets/forecasts approved by management and. and (ii) a description of management’s approach to determining the values assigned to each key assumption. (iv) the growth rate used to extrapolate cash flow projections beyond the period covered by the most recent budgets/forecasts.
(ii) a description of management’s approach to determining the values assigned to each key assumption. disclose the methodology used to determine the fair value less cost to sell. or country or countries in which the entity operates. and the aggregate carrying amounts of goodwill or intangible assets with indefinite lives allocated to them is significant. 6.

Disclose: (a) the fair value of investments in associates (individually) for which there are published price quotations.
(b) the aggregate carrying amount of intangible assets with indefinite useful lives allocated to those CGUs (or group of CGUs). (c) a descriptions of the key assumption(s). (ii) the value assigned to the key assumptions. (b) the investor’s share of the profit or loss of associates.
28p38
28p37
30
. 20% or more of the voting or potential voting power of the investee but concludes that it does not have significant influence. including the aggregated amounts of assets. Associates
1. revenues and profit or loss. An entity is encouraged. disclose how and why they differ from past experience and/or external sources of information. but not required. less than 20% of the voting or potential voting power of the investee but concludes that it has significant influence. (b) summarised financial information of associates (individually for each significant associate). if appropriate. directly or indirectly through subsidiaries. 8. and (b) a brief description of significant intangible assets controlled by the entity but not recognised as assets because they did not meet the recognition criteria in IAS 38 or because they were acquired or generated before the version of IAS 38 issued in 1998 was effective. If not. An entity holding an investment in an associate that is measured at fair value through profit or loss in accordance with IAS 39 discloses the information required by IAS 28 para 37(f).Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
36p136
7. directly or indirectly through subsidiaries. after incorporating any effects of that change in the other variables used to measure the recoverable amount. If the most recent detailed calculation of the recoverable amount of a CGU made in a preceding period is carried forward and used in the impairment test for that unit in the current period. the investor’s share of any discontinued operations of associates. liabilities. 2. Disclose: (a) associates as a separate item under non-current assets. and (e) if a reasonably possible change in the key assumptions would cause the CGU’s (or group of CGUs’) carrying amount to exceed its recoverable amount: (i) the amount by which the aggregate of the recoverable amounts of the CGUs exceeds the aggregate of their carrying amounts. (d) the reasons why the presumption that an investor has significant influence is overcome if the investor holds. (d) a description of management’s approach to determining the values assigned to each key assumption. the disclosures required in 5 and 6 above relate to the carried forward calculation of recoverable amount.
38p128 38p128(a)
38p128(b)
28p1
8. to disclose: (a) a description of any fully amortised intangible asset that is still in use. in order for the CGU’s (or group of CGUs’) recoverable amount to be equal to their carrying amount. whether those values reflect past experience and/or. (c) the reasons why the presumption that an investor does not have significant influence is overcome if the investor holds. and (iii) the amount by which the value assigned to the key assumption must change. whether they are consistent with external sources of information. Associates accounted for using the equity method. and (c) separately.

as required by IAS 1.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
28p39
3. revenues and profit or loss. 4. or repayment of loans or advances. and the reason for using a different reporting date. long-term assets. Joint ventures
1.
(e) the reporting date of an associate’s financial statements. resulting from borrowing arrangements or regulatory requirements) on associates’ ability to transfer funds to the investor in the form of cash dividends. in accordance with IAS 28 para 13. disclose: (a) the investor’s share of an associate’s contingent liabilities incurred jointly with other investors. that are not accounted for using the equity method. (b) non-current assets. Disclose separately from other commitments the aggregate of: (a) any capital commitments of the venturer in relation to its interests in joint ventures and its share in the capital commitments that have been incurred jointly with other venturers. Disclose these in the statement of changes in equity. In accordance with IAS 37. (g) the unrecognised share of an associate’s losses. and (c) the contingent liabilities that arise because the venturer is contingently liable for the liabilities of the other venturers of a joint venture. and (f) expenses.
8p40
31p56
9. Disclose separately from other contingent liabilities: (a) any contingent liabilities that the venturer has incurred in relation to its interests in joint ventures and its share in each of the contingent liabilities that have been incurred jointly with other venturers. current liabilities. A venturer that recognises its interests in jointly controlled entities using the line-by-line reporting format for proportionate consolidation or the equity method. (b) its share of the contingent liabilities of the joint ventures themselves for which it is contingently liable. (e) income. both for the period and cumulatively. 4. and (b) the aggregate amounts of each of current assets. long-term liabilities. (d) non-current liabilities. The investor’s share of changes recognised directly in the associate’s equity should be recognised directly in equity by the investor. if an investor has discontinued recognition of its share of an associate’s losses. and (b) its share of the capital commitments of the joint ventures themselves. (c) current liabilities. when it is different from that of the investor. income and expenses related to its interests in joint ventures. including the amounts of total assets. and (b) those contingent liabilities that arise because the investor is liable for all or part of the liabilities of the associate. discloses the aggregate amounts of each of the following related to its interests in joint ventures: (a) current assets. total liabilities. 3. (f) the nature and extent of any significant restrictions (for example. A venturer should disclose: (a) a listing and description of interests in significant joint ventures and the proportion of ownership interest held in jointly controlled entities. 2. either individually or in groups.
31p56
31p54
31p55
31
Section A – Disclosures for consideration by all entities
. (h) the fact that an associate is not accounted for using the equity method. and (i) summarised financial information of associates.

Under IAS 39 financial assets are classified into: (a) held at fair value through profit or loss (including trading). (c) loans and receivables.Disclosure checklist 2009 – Section A5 Y-NA-NM
31p1
Section A – Disclosures for consideration by all entities
REF
5. and (d) the nature and extent of any significant restrictions (for example. disclose the reason for the reclassification (refer to IAS 39 para 54). venturer with an interest in a jointly controlled entity or an investor in an associate prepares separate financial statements. If the entity has reclassified a financial asset as one required to be measured at cost or amortised cost rather than at fair value. (b) a list of significant investments in subsidiaries. 4. and the reason for using a different reporting date or period. more than half of the voting power. (b) held to maturity. 2. (ii) country of incorporation or residence. IAS 28 and IAS 31 to which the separate financial statements relate. (iii) proportion of ownership interest. and (b) the amount that was removed from equity and reported in net profit or loss for the period. (b) the reasons why the ownership. and (d) available for sale.
IFRS7p20 (a)(ii)
IFRS7p12
32
.
39p9
11. 3. disclose: (a) the amount of any gain or loss that was recognised in equity during the current period.
In consolidated financial statements. resulting from borrowing arrangements or regulatory requirements) on the ability of subsidiaries to transfer funds to the parent in the form of cash dividends or to repay loans or advances. An entity holding an interest in a joint venture that is measured at fair value through profit or loss in accordance with IAS 39 discloses the information required by IAS 31 paras 55 and 56. proportion of voting power held. disclose: (a) the fact that the statements are separate financial statements and the reasons why those statements are prepared if not required by law. Subsidiaries
27p40
27p42
1. it is useful to disclose a reconciliation of the carrying amount of financial assets at the beginning and end of the period showing movements. For available-for-sale financial assets. jointly controlled entities and associates.
10. of more than half of the voting or potential voting power of an investee does not constitute control. Investments – financial assets
1. held directly or indirectly through subsidiaries. disclose: (a) the nature of the relationship between the parent and a subsidiary when the parent does not own. including: (i) the name. and (iv) if different.
2. Identify the consolidated financial statements prepared in accordance with IAS 27 para 9. directly or indirectly through subsidiaries. (c) the reporting date of a subsidiary’s financial statements when it is different from that of the parent. Although not required by IAS 39. and (c) a description of the method used to account for the investments listed under (b). impairment losses and exchange differences arising on translation of the financial statements of a foreign entity when investments are significant. When a parent (other than a parent covered by IAS 27 para 41).

and circumstances or events leading to. Disclose receivables in a manner appropriate to the entity’s operation. materials.1p78(c) example.
2p36(f)(g)
2p36(h) 1p60. For 2p37. merchandise. Disclose impairment losses recognised during the period on receivables. 4.21). work in progress and finished goods.
1p60. Disclose the carrying amount of inventories in total. refer to IAS 12 para 71. and (e) pre-payments. Where inventories combine current and non-current amounts. 3. the reversal of any write-down that is recognised as a reduction in the amount of inventories recognised as expense in the period.
2p36(b)
12. Disclose the carrying amount of inventories pledged as security for liabilities.
1p54(o) 1p54(n)
14. Where trade and other receivables combine current and non-current amounts. if the transferee has the right by contract or custom to sell or repledge the collateral. 12p74
33
Section A – Disclosures for consideration by all entities
. refer to IAS 12 para 74.61
2. 6. with the following specific disclosures: (a) trade receivables. (c) receivables from related parties (refer to Section A5. 5.
2p36(c) 2p36(d)(e)
2.
1p78(b)
IFRS7p20(e)
1p60. Present current income tax assets and liabilities separately on the face of the balance sheet.61
12p71. 2. (d) other receivables. production supplies. Disclose the amount of inventories and the amount of write- down recognised as expenses during the period. Disclose the amount of.Disclosure checklist 2009 – Section A5 Y-NA-NM
39p37(a)
REF
For all transfers that involve collateral.61
1p77
13. For the offsetting rules of current tax assets and liabilities. Income taxes
1. (b) receivables from subsidiaries (in standalone accounts). disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. Trade and other receivables
1. Classify deferred tax assets (liabilities) as non-current assets (liabilities) if a distinction between current and non-current assets and liabilities is made on the face of the balance sheet. for the offsetting rules of deferred tax assets and liabilities. Disclose the amount of the non-current portion of deferred or current taxes that is expected to be recovered or settled after more than 12 months. Present deferred tax assets and deferred tax liabilities separately on the face of the balance sheet. sub- classified by main categories appropriate to the entity. disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. the transferor reclassifies that asset it its balance sheet separately from other assets. Disclose the carrying amount of inventories carried at fair value less costs to sell. 4. 3. Inventory
1. 3.

when: (a) the utilisation of the deferred tax asset is dependent on future taxable profits in excess of the profits arising from the reversal of existing taxable temporary differences. disclose: (a) the amount of the deferred tax assets and liabilities recognised in the balance sheet for each period presented.
Disclose the amount of a deferred tax asset and the nature of the evidence supporting its recognition.
Disclose: (a) the amount (and expiry date.
8. If income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend. if any) of deductible temporary differences.
2. (c) payables to related parties.
Disclose payables in a manner appropriate to the entity’s operations. and whether there are any potential income tax consequences not practically determinable. and (b) the amount of the deferred tax income or expense recognised in the income statement. (d) other payables. (e) accruals. and (b) the aggregate amount of temporary differences associated with investments in subsidiaries. and (f) deferred income. it is useful to disclose the analysis by category of temporary differences. with the following specific disclosures: (a) trade payables. unused tax losses. although it is not required by IAS 12. 9. disclose: (a) the nature of the potential income tax consequences that would result from the payment of dividends. (b) payables to subsidiaries (in standalone accounts). Trade and other payables
1p77
1p60
1.Disclosure checklist 2009 – Section A5 Y-NA-NM
12p81(e)
Section A – Disclosures for consideration by all entities
REF
12p81(f)
12p81(g)
5. For deferred taxes. where there are deferred tax items charged or credited to equity during the period).
6. and unused tax credits for which no deferred tax asset is recognised in the balance sheet. for which deferred tax liabilities have not been recognised (IAS 12 para 39).
12p82A
15.
12p82
12p81(a)
7. Disclose the aggregate current and deferred tax relating to items charged or credited to equity. In respect of each type of temporary difference. and (b) the amounts of the potential income tax consequences practically determinable. and (b) the entity has suffered a loss in either the current or preceding period in the tax jurisdiction to which the deferred tax asset relates. It is a helpful ‘proof’ to display the movements during the period in each category of temporary differences in the deferred tax account. disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. branches and associates and interests in joint ventures. and in respect of each type of unused tax losses and unused tax credits. if this is not apparent from the changes in the amounts recognised in the balance sheet (for example.
34
. Where any of the above items combine current and non-current amounts.

as addressed in IAS 37 para 48). disclose the amount of the non-current portion that is expected to be recovered or settled after more than 12 months. and (h) the carrying amount at the end of the period. and (c) the reason why that information has not been disclosed. Where any provision combines current and non-current amounts. In such a situation. disclosure of some or all of the information required by IAS 37 paras 84-85 can be expected to prejudice the position of the entity in a dispute with other parties in respect of the matter for which the provision is made. and (c) the amount of any expected reimbursement. (c) provisions acquired through business combinations. For each class of provision. disclose the amount of the non¬current portion (where this can be determined – refer to IAS 19 para 118) that is expected to be recovered or settled after more than 12 months.
35
Section A – Disclosures for consideration by all entities
. (d) additional provisions made in the period and increases to existing provisions. the information does not need to be disclosed. (e) amounts used (incurred and charged against the provision).
1p60
17. (b) the fact that the information has not been disclosed. disclose the nature and amount of that change in estimate in a note to the annual financial statements for that financial year. disclose the major assumptions made concerning future events. stating the amount of any asset that has been recognised for that expected reimbursement. but the following should be disclosed: (a) the general nature of the dispute. Where the amounts recognised in the balance sheet combine current and non-current amounts. In extremely rare cases. Provisions are disaggregated into provisions for employee benefits and other items.
19p120A(b)
2. disclose: (a) the carrying amount at the beginning of the period.
37p92
34p26
4. (g) the increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate. a provision – is changed significantly during the final interim period of the financial year but a separate financial report is not published for that final interim period.
37p84
1p60
37p85
2. For each class of provision. Post-employment benefits – defined benefit plans
1. If an estimate of an amount reported in an interim period – for example. provide: (a) a brief description of the nature of the obligation and of the expected timing of any resulting outflows of economic benefits.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
1p78(d)
16. This item is applicable only when the reporting entity publishes an interim financial report prepared in accordance with IAS 34. (b) an indication of the uncertainties about the amount or timing of those outflows (where necessary to provide adequate information. (f) amounts reversed unused. 5. (b) exchange differences from the translation of foreign entities’ financial statements. 3. Provisions
1. Provide a general description of the type of defined benefit plan.

1p96(b)
7. Provide an analysis of the defined benefit obligation into amounts arising from plans that are wholly unfunded and amounts arising from plans that are wholly or partly funded. and (h) settlements. Provide a reconciliation of the present value of the defined benefit obligation in para 2 above and the fair value of the plan assets in para 4 above to the assets and liabilities recognised in the balance sheet. showing separately. (d) the fair value at the balance sheet date of any reimbursement right recognised as an asset in accordance with IAS 19 para 104A (with a brief description of the link between the reimbursement right and the related obligation). and (j) settlements.
19p120A(e) 4. (g) past service cost. (d) expected return on any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. (e) foreign currency exchange rate changes on plans measured in a currency different from the entity’s presentation currency. (g) the effect of any curtailment or settlement. 6. and the line item(s) in which they are included: (a) current service cost. (h) business combinations. (b) the past service cost not recognised in the balance sheet (refer to IAS 19 para 96).Disclosure checklist 2009 – Section A5 Y-NA-NM
19p120A(c) 3. if applicable. if applicable. Provide a reconciliation of opening and closing balances of the
Section A – Disclosures for consideration by all entities
REF
19p120A(d)
present value of the defined benefit obligation showing separately. 5. of the fair value of plan assets and of the opening and closing balances of any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. Provide a reconciliation of the opening and closing balances
19p120A(g)
19p120A(h). (f) benefits paid. showing at least: (a) the net actuarial gains or losses not recognised in the balance sheet. (b) actuarial gains and losses. (e) contributions by plan participants. (g) business combinations.
19p120A(f)
3. (d) contributions by the employer. because of the limit in IAS 19 para 58(b). (c) expected return on plan assets. Provide the total amount recognised in the statement of recognised income and expense for each of the following: (a) actuarial gains and losses. (e) actuarial gains and losses (f) past service cost. (b) interest cost. the effects during the period attributable to each of the following: (a) current service cost. Provide the total expense recognised in profit or loss for each of the following. and (h) the effect of the limit in IAS 19 para 58(b). and (e) the other amounts recognised in the balance sheet. (b) interest cost. (d) actuarial gains and losses. (f) benefits paid. (c) foreign currency exchange rate changes on plans measured in a currency different from the entity’s presentation currency. (c) any amount not recognised as an asset. (i) curtailments. and
36
. the effects during the period attributable to each of the following: (a) expected return on plan assets.

the entity. when applicable: (a) the discount rates. Disclose each actuarial assumption in absolute terms (for example. and (b) the experience adjustments arising on: (i) the plan liabilities expressed either as: − an amount.
Provide for each major category of plan assets – which should include. balance sheet date. Provide the actual return on plan assets. or other assets used by. and (f) any other material actuarial assumptions used (such as details of mortality assumptions). Provide the principal actuarial assumptions used as at the
19p120A(o) 14. (c) the expected rates of return for the periods presented in the financial statements on any reimbursement right recognised as an asset in accordance with para 104A.
19p120A(i). for: (a) each category of the entity’s own financial instruments. 19p120A(j)
9. equity instruments. or − a percentage of the plan liabilities at the balance sheet date. Provide the amounts for the current annual period and previous
37
Section A – Disclosures for consideration by all entities
. and (b) the accumulated post-employment benefit obligation for medical costs.
19p120A(k) 6 10. For plans operating in a high inflation environment. including the effect of the major categories of plan assets.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
(b) the effect of the limit in IAS 19 para 58(b). (e) medical cost trend rates. return on any reimbursement right recognised as an asset in accordance with IAS 19 para 104A. but is not limited to. (b) the expected rates of return on any plan assets for the periods presented in the financial statements. including. The cumulative amount of actuarial gains and losses recognised 1p96(b) in the statement of recognised income and expense. the fair value of the plan assets and the surplus or deficit in the plan. (d) the expected rates of salary increases (and of changes in an index or other variable specified in the formal or constructive terms of a plan as the basis for future benefit increases). four annual periods of: (a) the present value of the defined benefit obligation. and
19p120A(m) 12. Provide the amounts included in the fair value of plan assets
19p120A(l)
11. not just as a margin between different percentages or other variables. the effect of a decrease of one percentage point in the assumed medical cost trend rates on: (a) the aggregate of the current service cost and interest cost components of net periodic post-employment medical costs. as an absolute percentage). Provide a narrative description of the basis used to determine the overall expected rate of return on assets. the disclosure should be the effect of a percentage increase or decrease in the assumed medical cost trend rate of a significance similar to one percentage point in a low inflation environment. and all other assets – the percentage or amount that each major category constitutes of the fair value of the total plan assets. property. debt instruments. All other assumptions should be held constant for the purposes of this disclosure. and (b) any property occupied by. as well as the actual
19p120A(n) 13. Provide the effect of an increase of one percentage point and
19p120A(p) 15. 8.

For a defined benefit plan that shares risks between entities
18. (e) the total of future minimum sublease payments expected to be received under non-cancellable subleases at the balance sheet date. 18. (n). for the entity (refer also to IAS 19 paras 32A and 32B). For multi-employer plans that are treated as a defined contribution plan. (o). if any. (c) the total of minimum lease payments at the balance sheet date. (j). and (iii) later than five years. and
38
.
19p29(b)
19p30(b)(c)
17. and (d) if the entity accounts for the contribution payable for the period in accordance with IAS 19 para 34A. disclose. for each of the following periods: (i) no later than one year. (d) the amount of contingent rents recognised in the income statement for the period. For lessors. Provide the employer’s best estimate. refer to Section C4. (a) the contractual agreement or stated policy for charging the defined benefit cost or the fact that there is no such policy. disclose. Lease liabilities
Leases are financial instruments and therefore all the disclosure requirements of IFRS 7 apply also to leases – refer to Section A8.
19p120A(q) 16. (c) if the entity accounts for an allocation of the net defined benefit cost in accordance with IAS 19 para 34A. (b) the reason why sufficient information is not available to enable the entity to account for the plan as a defined benefit plan. (b) the policy for determining the contribution to be paid by the entity. information about the plan as a whole required in accordance with IAS 19 paras 120A (b)-(e). 13. of contributions expected to be paid to the plan during the annual period beginning after the balance sheet date. (ii) the basis used to determine that surplus or deficit. (b) a reconciliation between the total minimum lease payments at the balance sheet date. For multi-employer plans that are treated as defined benefit plans. and (c) to the extent that a surplus or deficit in the plan may affect the amount of future contribution: (i) any available information about that surplus or deficit. (a) the fact that the plan is a defined benefit plan. all the information about the plan as a whole in accordance with paras 120-121 (paras 1-17 above). (q) and 121 (items 1-4. or − a percentage of the plan assets at the balance sheet date. (a) Lessees – finance leases
17p31
1. (ii) later than one year but no later than five years. disclose the information required by IAS 19 para 120A. 9. Note: This section of the checklist applies to lessees.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(ii) the plan assets expressed either as: − an amount. under common control. as soon as it can
reasonably be determined. and their present value.
Disclose: (a) the net carrying amount for each class of assets at the balance sheet date. 14 and 16 above)
19p34B (a)-(d) 19. and their present value. and (iii) the implications.

11 1. (b) the total of future minimum sublease payments to be received under non-cancellable subleases at the balance sheet date. and (iii) later than five years. IAS 40 and IAS 41 apply to lessees for assets leased under finance leases. (ii) the existence and terms of renewal or purchase options and escalation clauses.18 also apply
IFRIC4p15(b) 4.
17p35
(b) Lessees – operating leases 1. Any unique or unusual provisions in the agreements or terms of the sale and leaseback transactions should be separately disclosed. (ii) later than one year and no later than five years. and (iii) restrictions imposed by lease arrangements. IAS 36. the lease payments in an operating lease reliably from other payments. The disclosure requirements set out in Section A5. The disclosure requirements of IAS 16. The disclosure requirements about leases set out in Section A5.18 also apply to sale and leaseback transactions. such as those concerning dividends. and (b) state that the disclosed payments also include payments for non-lease elements in the arrangement. but is not limited to: (i) the basis on which contingent rent payments are determined. but: (a) disclose those payments separately from minimum lease payments that do not include payments for non-lease elements. 2. (c) lease and sublease payments recognised in the income statement for the period. IAS 38. additional debt and further leasing. to leases under IFRIC4. and
39
Section A – Disclosures for consideration by all entities
. such as those concerning dividends. but is not limited to: (i) the basis on which contingent rent payments are determined.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
(f) a general description of the lessee’s significant leasing arrangements. and (d) a general description of the lessee’s significant leasing arrangements. additional debt and further leasing. individually for each arrangement or in aggregate for each class of arrangement. contingent rents and sublease payments. with separate amounts for minimum lease payments. it should treat all payments under the agreement as lease payments for the purpose of complying with the disclosures of IAS 17. and (iii) restrictions imposed by lease arrangements. For arrangements that do not involve a lease in substance.
disclose the following. If a purchaser/lessee concludes that it is impractical to separate
(c) Arrangements that do not involve a lease in substance
SIC27p10. This would include. in each period in which an arrangement exists: (a) a description of the arrangement including: (i) the underlying asset and restrictions on its use.
17p65
IFRIC4pBC39 3. This would include. Disclose: (a) the total of future minimum lease payments under non¬- cancellable operating leases for each of the following periods: (i) no later than one year. (ii) the existence and terms of renewal or purchase options and escalation clauses. (ii) the life and other significant terms of the arrangement.

The issuer of a non-derivative financial instrument should evaluate the terms of the financial instrument to determine whether it contains both a liability and an equity component. any individual referred to in (g) or (h). (c). Disclose relationships between parents and subsidiaries irrespective of whether there have been transactions between those related parties. The disclosures in the following paragraph apply to related parties.
1p60. Disclose the name of the entity’s parent and. the amount recognised in income in the period. financial assets or equity instruments. Disclose the borrowings classified between current and non- current portions. Related-party transactions
1. If neither the
24p12
40
. In respect of loans classified as current liabilities. and (b) the accounting treatment applied to any fee received. (d) or (g).Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(iii) the transactions that are linked together. (e) associates. Borrowings and other liabilities
Borrowings are financial instruments. parent companies. including any options. those events qualify for disclosure as non-adjusting events in accordance with IAS 10: (a) refinancing on a long-term basis. jointly controlled or significantly influenced by any individual referred to in (g) or (h). if different. and the line item of the income statement in which it is included. (h) close members of the family of any individual referred to in (a). directly or indirectly.
Disclose: (a) the nature and extent of government grants recognised. d
1p76
1. (b) rectification of a breach of a long-term loan agreement. (b) an indication of other forms of government assistance from which the entity has directly benefited. 3. (i) an entity that is controlled. Classify such components separately as financial liabilities. and (j) the post-employment benefit plan. (g) the entity’s or parent’s key management personnel. in accordance with IAS 1 paras 69-74. (d) parties that have joint control over the entity. the ultimate controlling party. and (c) the granting by the lender of a period of grace to rectify a breach of a long-term loan agreement ending at least twelve months after the reporting period. or for which significant voting power in the entity resides with. (f) joint ventures. in accordance with IAS 32 para 15. and (c) unfulfilled conditions and other contingencies related to government assistance that has been recognised. individual companies and trusts). therefore. which comprise the following entities and individuals: (a) controlling shareholders (for example. (c) parties that have an interest in the entity that gives them significant influence over the entity. Government grants
20p39(b)(c)
1. (b) subsidiaries and fellow subsidiaries. 61
19.
32p28
20. (b). 2. 2.
24p9
21. all the IFRS 7 isclosure requirements also apply to borrowings. if the following events occur between the balance sheet date and the date the financial statements are authorised for issue.

(b) post-employment benefits.Disclosure checklist 2009 – Sections A5-A6 Y-NA-NM REF
24p16
3. (f) entity’s or parent’s key management personnel. management services. (e) provisions for doubtful debts related to the amount of outstanding balances. Where necessary for an understanding of the effects of related- party transactions on the financial statements. (d) associates. Disclose key management personnel compensation in total and for each of the following categories: (a) short-term employee benefits. (c) other long-term benefits. Participation in a defined benefit plan that shares risks between various entities under common control (for example. 8. IAS 24 para 20 contains examples of situations that may require disclosure. (c) the amount of transactions. disclose items of similar nature separately. and
24p20 24p22
24p21
32p34
19p34B
41
Section A – Disclosures for consideration by all entities
. Only provide disclosures that related-party transactions were made on an arm’s length basis if such terms can be substantiated. the nature of the consideration be provided in settlement and an guarantees given or received). 6. (c) subsidiaries. Separately provide disclosures where the entity re-acquires its own equity instruments from related parties. goods or services sold/ purchased. Make the following disclosures in the separate or individual financial statements: (a) the contractual agreement or stated policy for charging the net defined benefit cost or the fact that there is no such policy. (e) joint ventures in which the entity is a venturer. rather than in aggregate. (b) types of transactions (for example. 5. (d) the amount of outstanding balances (including terms and conditions. in accordance with IAS 24 para 22. all the information about the plan as a whole in accordance with IAS 19 paras 120-121. (d) termination benefits.
entity’s parent nor the ultimate controlling party produces financial statements available for public use. Make the disclosures required by paragraph 4 above separately for each of the following categories: (a) the parent. and (g) other related parties. Where there have been transactions between related parties. secured or not. 7. and (e) share-based payments.
24p17(a-d)
to
24p18
4. a parent and its subsidiaries) is a related-party transaction for each individual group entity. 9. (b) entities with joint control or significant influence over the entity. directors’ remuneration and emoluments. and (f) the expense recognised during the period in respect of bad or doubtful debts due from related parties. (c) if the entity accounts for an allocation of the net defined benefit cost in accordance with IAS 19 para 34A. loans and guarantees). (b) the policy for determining the contribution to be paid by the entity. disclose the name of the next most senior parent that does so. disclose: (a) the nature of related-party relationships.

18 and contingencies in respect of joint ventures in Section A5. 5.9. measured under IAS 37 para 36-52. 4. and (b) intangible assets. show the link between the provision and the contingent liability.
37p91
37p92
19p125 19p141
42
. Contractual obligations: (a) to purchase.
22. (j). In extremely rare cases. and (c) where any of this information is not disclosed because it is not practicable to do so. Contingencies
1. measured under IAS 37 para 36-52. and (b) termination benefits (for example. and (iii) the possibility of any reimbursement. and (c) where this information is not disclosed because it is not practicable to do so. due to the uncertainty over the number of employees who will accept an offer of termination benefits).
37p86
23. unless the possibility of any outflow in settlement is remote: (a) a brief description of the nature of the contingent liability. Disclose for contingent assets. (ii) an indication of the uncertainties about the amount or timing of any outflow. (b) where practicable.18 and commitments in respect of joint ventures in Section A5. Where a provision and a contingent liability arise from the same set of circumstances. (b) where practicable. 3.
37p86(a)
37p86(b)
37p86(c) 37p91
37p88
37p89
2.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(d) if the entity accounts for the contribution payable for the period in accordance with IAS 19 para 34A. the information need not be disclosed but the following must be disclosed: (a) the general nature of the contingencies. plant and equipment. Commitments
16p74(c) 38p122(e) 40p75(h)
Disclose: 1. (o). and (c) the reason why it has not been disclosed. maintenance or enhancements of investment property. 2. and (b) for repairs. The amount of contractual commitments for the acquisition of: (a) property. In such cases. (q) and 121. where an inflow of economic benefits is probable: (a) a brief description of the nature of the contingent asset. (b) the fact that the required information has not been disclosed. construct or develop investment property. (n). Refer also to the commitments in respect of lease agreements in Section A5. disclose also: (i) an estimate of its financial effect. Disclose for each class of contingent liability. The other disclosures required by IAS 19 para 120A do not apply.9. disclose that fact. Disclose contingent liabilities arising from: (a) post-employment benefit obligations. an estimate of their financial effect. disclose that fact. the information about the plan as a whole required in accordance with IAS 19 paras 120A(b)-(e). Refer also to the contingencies in respect of lease agreements in Section A5.17B para 18. Refer also to section A5. disclosure of some or all of the information required by IAS 37 paras 86-89 on contingencies (items 1 to 3 above) can be expected to seriously prejudice the position of the entity in a dispute with other parties on the subject matter of the contingent liability or contingent asset.

43
Section A – Disclosures for consideration by all entities
. Examples of non-adjusting events that would generally require disclosure are provided in IAS 10 para 22. make all relevant disclosures (refer to Section A7). adjust basic and diluted earnings per share of all periods presented for the effects of errors and adjustments resulting from changes in accounting policies. Disclose the fact that per-share calculations reflect such changes in the number of shares. If it is impracticable to disclose any of this information. If a business combination takes effect
33p64
4. adjust the calculation of basic and diluted earnings per share for all periods presented retrospectively. or decreases as a result of a reverse share split. In addition. Disclose the amount of income tax consequences of dividends that were proposed or declared after the balance sheet date but before the financial statements were authorised for issue. accounted for retrospectively. 2. disclose this fact and an explanation of why this is the case. and (b) an estimate of the financial effect. 7.
after the balance sheet date and before the financial statements are issued. for which the basic and diluted earnings per share are adjusted retrospectively – that occur after the balance sheet date and that would have changed significantly the number of ordinary shares or potential ordinary shares outstanding at the end of the period if those transactions had occurred before the end of the reporting period. Disclose the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to equity holders during the period. If these changes occur after the balance sheet date but before the financial statements are authorised for issue. Examples are provided in IAS 33 para 71. base the per share calculations for those and any prior-period financial statements presented on the new number of shares.
33p70(d)
12p81(i)
12p82A
6.
10p21
IFRS 3p66(b) 3. If the number of ordinary or potential ordinary shares outstanding increases as a result of a capitalisation. Provide a description of ordinary share transactions or potential ordinary share transactions – other than capitalisation. non-adjusting) but are of such importance that non- disclosure would affect the ability of the users of the financial statements to make proper evaluations and decisions. If income taxes are payable at a higher or lower rate if part or all of the net profit or retained earnings is paid out as a dividend to shareholders. Business combinations. bonus issues or share splits. and the related amount per share. 5. Events after the reporting period
1. and (b) the amounts of the potential income tax consequences practically determinable and whether there are any potential income tax consequences not practically determinable. Where events occurring after the balance sheet date do not affect the condition of assets or liabilities at the balance sheet date (ie. disclose: (a) the nature of the event. or a statement that such an estimate cannot be made. disclose: (a) the nature of the potential income tax consequences that would result from the payment of dividends. bonus issue or share split.Disclosure checklist 2009 – Section A5 Y-NA-NM REF
10p12 1p125(a)
24.

If an entity receives information after the balance sheet date about conditions that existed at the balance sheet date. Classify each of the above items in a consistent manner from period to period as either operating. (b) classify taxes paid as cash flows from operating activities unless specifically identified with financing and investing activities. 2. For example. investing and financing activities. 2. Individual items
1. or (b) the indirect method. For cash flows from investing and financing activities. update the disclosures that relate to those conditions in the light of the new information. 3.Disclosure checklist 2009 – Sections A5-A6 Y-NA-NM
10p19
Section A – Disclosures for consideration by all entities
REF
8. (c) dividends received. adjusting net profit and loss for the effects of: (i) any transactions of a non-cash nature. General presentation
7p18
1. Examples of non-cash transactions are: (a) acquisition of assets either by assuming directly related liabilities or by means of a finance lease. and (iii) items of income or expense associated with investing or financing cash flows. 4. Classify cash flows into three activities: operating. For cash flows arising from taxes on income: (a) disclose taxes paid.
7p21
7p22
7p43
7p44
7p35 7p36
2. 5. proceeds from new borrowings have to be displayed separately from repayments of borrowings. Disclose cash flows from operating activities using either: (a) the direct method. For cash flows from interest and dividends. the amounts are large and the maturities are short.
7p31
44
. (ii) any deferrals or accruals of past or future operating cash receipts or payments. investing or financing activities may be reported on a net basis (IAS 7 para 23): (a) cash receipts and payments on behalf of customers when the cash flows reflect the activities of the customer rather than those of the entity. and (c) conversion of debt to equity. For non-cash transactions. investing or financing activities. disclose separately major classes of gross cash receipts and gross cash payments (except as noted in para 4 below). and (b) cash receipts and payments for items in which the turnover is quick. (b) acquisition of an entity by means of an equity issue. and (c) disclose the total amount of taxes paid when tax cash flows are allocated over more than one class of activity. and (d) dividends paid. exclude from the cash flow statement those investing and financing transactions that do not require the use of cash and cash equivalents. disclosing major classes of gross cash receipts or payments. (b) interest paid. Disclose non-cash transactions separately in the note to the cash flow statement. The following cash flows arising from the operating. disclose: (a) interest received.
A6
Statement of cash flows
1.

7p34
7p39
7p45
7p48
4. (b) the acquisition date.
A7
Business combinations and disposals
1. investing and financing activities related to interests in joint ventures reported using proportionate consolidation. and a commentary by management: (a) the amount of undrawn borrowing facilities available for future operating activities and to settle capital commitments. and (d) the amount of cash flows arising from the operating. indicating any restrictions as to the use of these facilities. the financial statements. 7p50
5. Voluntary disclosures. (e) the cost of the combination and a description of the components of that cost. and (c) financing activities. (b) investing activities. Aggregate cash flows arising from the following are presented separately and classified as investing activities: (a) acquisitions.
For cash and cash equivalents. (c) details of any operations that the entity has decided to dispose of as a result of the combination. Interest and dividends received are normally classified as either operating or investing activities. (b) the aggregate amounts of the cash flows from each of operating. (d) the percentage of voting equity instruments acquired. or on the face of.
For each business combination that took effect during the reporting period. and (b) disposals of subsidiaries or other business units. including any costs directly attributable to the combination. (c) the aggregate amount of cash flows that represent increases in operating capacity separately from those cash flows that are required to maintain operating capacity.
Interest paid is normally classified as either operating or financing activities. flows from: (a) operating activities.
DV. disclose: (a) the names and descriptions of the combining entities or businesses. Refer also to the disclosure requirements for acquisitions and disposals in Section A7. investing and financing activities of each reported industry and geographical segment. When equity instruments are issued or issuable as part of the cost.
IFRS5p33(c) 6.Disclosure checklist 2009 – Sections A6-A7 Y-NA-NM
7p33
REF
7p33
3. Discontinued operations. and (b) reconciliation of amounts in cash flow statement with cash and cash equivalents in the balance sheet. Disclose the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group. and provide a commentary by management. Provide additional information relevant to understanding the financial position and liquidity of an entity. Business combinations
IFRS3p67
1. the following should also be disclosed:
45
Section A – Disclosures for consideration by all entities
. Dividends paid are normally classified as either financing or operating activities. Disclose the amounts of net cash
7. disclose: (a) the components. These disclosures may be presented either in the notes to.

summarised by each major category. that fact should be disclosed together with: – the reasons why the published price has not been used. determined in accordance with IFRS. If a published price does not exist for the instruments at the date of exchange. immediately before the combination. together with an explanation of why this is the case. unless impracticable. – the method and significant assumptions used to attribute a value to the equity instruments. the equity instruments. liabilities and contingent liabilities. If such disclosure would be impracticable. Disclose the information required under IFRS 3 para 67 (refer to para 1 above) in aggregate for business combinations that took effect during the reporting period and that are individually immaterial. 3. (g) the amount of any excess recognised in profit or loss in accordance with IFRS 3 para 56 and the line item in the income statement in which the excess is recognised. and (d) the amount of the assets and liabilities other than cash or cash equivalents in the subsidiary or business unit acquired. (c) the amount of cash and cash equivalents in the subsidiary or business unit acquired. and – the aggregate amount of the difference between the value attributed to. All relevant disclosures required by IFRS 3 should also be made for business combinations after the balance sheet date and before the date on which the financial statements are issued. If a published price exists at the date of exchange but has not been used as the basis for determining the cost of the combination. and the published price of. disclose in aggregate: (a) the total purchase consideration. and (ii) the fair value of those instruments and the basis for determining that fair value. disclose this fact together with an explanation of why this is the cas
IFRS3p66(b)
IFRS3p68
7p40
2. disclose that fact. (h) a description of the factors that contributed to a cost that results in the recognition of goodwill. 4. and (i) the amount of the acquiree’s profit or loss since the acquisition date included in the acquirer’s profit or loss for the period. and the carrying amounts of each of those classes. as described in IFRS 3 para 62. that fact should be disclosed. if it is impracticable to disclose any of this information. (b) the portion of the total purchase consideration discharged by means of cash and cash equivalents. In respect of acquisitions of subsidiaries or other business units. If the initial accounting for a business combination that took effect during the reporting period has been determined only provisionally. and
IFRS3p69
IFRS3p70
46
. or a description of the nature of any excess recognised in profit or loss. The acquirer should also disclose: (a) the revenue of the combined entity for the period as if the acquisition date for all business combinations that took effect during the reporting period had been at the beginning of that period. the significant assumptions used to determine fair value should be disclosed. 5. (f) the amounts recognised at the acquisition date for each class of the acquiree’s assets. together with an explanation of why this is the case. including a description of each intangible asset that was not recognised separately from goodwill and an explanation of why the fair value of this asset could not be measured reliably.Disclosure checklist 2009 – Section A7 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(i) the number of equity instruments issued or issuable.

(c) the amount of cash and cash equivalents in the subsidiary or business unit disposed of. (c) loans and receivables. together with an explanation of why this is the case. Disposals
7p40
1. (e) financial liabilities at fair value through profit or loss. disclose in aggregate: (a) the total disposal consideration. General disclosures
IFRS7p6 AppxB1-B3
When IFRS 7 requires disclosures by class of financial instrument.
6. (b) the amounts and explanations of the adjustments to the provisional values recognised during the current reporting period. summarised by each major category.
A8
Financial instruments
1.
47
Section A – Disclosures for consideration by all entities
. (d) available-for-sale financial assets. Categories of financial assets and financial liabilities
Disclose either on the face of the balance sheet or in the notes the carrying amounts of each of the following categories. The acquirer should also disclose the following information relating to business combinations that took effect in the current or previous periods: (a) the amount and an explanation of any material gain or loss recognised in the current reporting period.Disclosure checklist 2009 – Sections A7-A8 Y-NA-NM REF
IFRS3p73
(b) the profit or loss of the combined entity for the period as if the acquisition date for all business combinations that took effect during the reporting period had been at the beginning of that period. and (d) the amount of the assets and liabilities other than cash or cash equivalents in the subsidiary or business unit disposed of. and (f) financial liabilities measured at amortised cost. Provide sufficient information to permit reconciliation to the line items presented in the balance sheet. showing separately: (i) those designated as such upon initial recognition. disclose that fact. In respect of disposals of subsidiaries or other business units.
2. and (c) the information about error corrections that the acquirer recognises during the current reporting period. If disclosure of this information would be impracticable. (b) held-to-maturity investments. showing separately: (i) those designated as such upon initial recognition. Take into account the characteristics of those financial instruments. as required by IAS 8. group the financial instruments into classes that are appropriate to the nature of the information disclosed. and (ii) those classified as held for trading in accordance with IAS 39. as defined in IAS 39: (a) financial assets at fair value through profit or loss. (b) the portion of the total disposal consideration discharged by means of cash and cash equivalents. and (ii) those classified as held for trading in accordance with IAS 39. Disclose information that enables users of the financial statements to evaluate the significance of financial instruments for financial position and performance
IFRs7p7
IFRS7p8
2.

a commodity price. disclose: (a) the maximum exposure to credit risk (see IFRS7p36(a)) of the loan or receivable (or group of loans or receivables) at the reporting date. (c) the amount of change. If the entity has designated a financial liability as at fair value through profit or loss in accordance with IAS 39 para 9. the reasons for reaching this conclusion and the factors it believes are relevant. (b) the amount by which any related credit derivatives or similar instruments mitigate that maximum exposure to credit risk. or (ii) using an alternative method that the entity believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the liability. during the period and cumulatively. and (d) the amount of the change in the fair value of any related credit derivatives or similar instruments that has occurred during the period and cumulatively since the loan or receivable was designated. during the period and cumulatively.
IFRS7p11 AppxB4
2. or (ii) using an alternative method that the entity believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the asset. foreign exchange rate or index of prices or rates.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
3. Disclose: (a) the methods used to comply with the requirements in IFRS 7 para 9(c) and IFRS 7 para 10(a). the price of another entity’s financial instrument. Financial assets or financial liabilities at fair value through profit or loss
IFRS7p9
IFRS7p10
1. disclose: (a) the amount of change.
48
. in the fair value of the financial liability that is attributable to changes in the credit risk of that liability determined either: (i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk (see IFRS 7 Appendix B4). Changes in market conditions that give rise to market risk include changes in a benchmark interest rate. in the fair value of the loan or receivable (or group of loans or receivables) that is attributable to changes in the credit risk of the financial asset determined either: (i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk.
If a loan or receivable (or group of loans or receivables) is designated as at fair value through profit or loss. For contracts that include a unit-linking feature. and (b) the difference between the financial liability’s carrying amount and the amount the entity would be contractually required to pay at maturity to the holder of the obligation 3. changes in market conditions include changes in the performance of the related internal or external investment fund. commodity price.a foreign exchange rate or an index of prices or rates. Changes in market conditions that give rise to market risk include changes in an observed (benchmark) interest rate. and (b) if the entity believes that the disclosure it has given to comply with the requirements in IFRS 7 para 9(c) and IFRS 7 para 10(a) does not faithfully represent the change in the fair value of the financial asset or financial liability attributable to changes in its credit risk.

and the carrying amount of the associated liabilities. the fair value gain or loss on the financial asset recognised in profit or loss or other comprehensive income in that reporting period and in the previous reporting period. disclose: (a) the amount reclassified into and out of each category. loss. If the entity has reclassified a financial asset (in accordance with paragraphs IAS 39 paras 51-54) as one measured: (a) at cost or amortised cost. and the gain. (b) the nature of the risks and rewards of ownership to which the entity remains exposed. as at the date of reclassification of the financial asset. (d) for the reporting period when the financial asset was reclassified. rather than at fair value. income and expense recognised in profit or loss. the fair value gain or loss that would have been recognised in profit or loss or other comprehensive income if the financial asset had not been reclassified. (b) for each reporting period until derecognition. issued in October 2008. the amount of the assets that the entity continues to recognise. and (d) when the entity continues to recognise the assets to the extent of its continuing involvement. permits an entity to reclassify non-derivative financial assets (other than those designated at fair value through profit or loss by the entity upon initial recognition) out of the fair value through profit or loss category in particular circumstances. the rare situation. the total carrying amount of the original assets. the carrying amounts of the assets and of the associated liabilities. disclose the amount reclassified into and out of each category and the reason for that reclassification An amendment to IAS 39. The amendment also permits an entity to transfer from the available-for-sale category to the loans and receivables category a financial asset that would have met the definition of loans and receivables (if the financial asset had not been designated as available for sale). Derecognition
IFRS7p13
If financial assets have been transferred in such a way that part or all of the financial assets do not qualify for derecognition (see IAS 39 paras 15-37). or (b) at fair value.
IFRS7p12A
2. the carrying amounts and fair values of all financial assets that have been reclassified in the current and previous reporting periods. (c) if a financial asset was reclassified in accordance with paragraph 50B. Reclassification
1. disclose for each class of such financial assets: (a) the nature of the assets. (c) when the entity continues to recognise all of the assets.
If the entity has reclassified a financial asset out of the fair value through profit or loss category in accordance with IAS 39 paras 50B or 50D or out of the available-for-sale category in accordance with paragraph 50E of IAS 39. (e) for each reporting period following the reclassification (including the reporting period in which the financial asset was reclassified) until derecognition of the financial asset.
49
Section A – Disclosures for consideration by all entities
. if the entity has the intention and ability to hold that financial asset for the foreseeable future. and (f) the effective interest rate and estimated amounts of cash flows the entity expects to recover.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
IFRS7p12
4.
5. rather than at cost or amortised cost. and the facts and circumstances indicating that the situation was rare.

Defaults and breaches
IFRS7p18
IFRS7p19
1. sinking fund or redemption terms of those loans payable. before the financial statements were authorised for issue. When the entity holds collateral (of financial or non-financial assets) and is permitted to sell or repledge the collateral in the absence of default by the owner of the collateral. expense.
9. interest. expense. (b) the carrying amount of the loans payable in default at the reporting date. Items of income.
IFRS7p17
8. Compound financial instruments with multiple embedded derivatives
If the entity has issued an instrument that contains both a liability and an equity component (IAS 32 para 28) and the instrument has multiple embedded derivatives whose values are interdependent (such as a callable convertible debt instrument). and whether the entity has an obligation to return it. and those on financial assets or
IFRS7p20 AppxB1-B3. on or before the reporting date). an allowance account used to record individual impairments or a similar account used to record a collective impairment of assets) rather than directly reducing the carrying amount of the asset. and (c) whether the default was remedied.
10.
2. (b) the fair value of any such collateral sold or repledged. and (b) the terms and conditions relating to its pledge.
For loans payable recognised at the reporting date.
7. gains or losses either on the face of the financial statements or in the notes: (a) net gains or net losses on: (i) financial assets or financial liabilities at fair value through profit or loss.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
6. disclose a reconciliation of changes in that account during the period for each class of financial assets. If during the period there were breaches of loan agreement terms other than those described in IFRS 7 para 18. gains or losses
Disclose the following items of income. B5(d)
When financial assets are impaired by credit losses and the entity records the impairment in a separate account (for example. disclose the existence of those features. disclose: (a) the fair value of the collateral held. Allowance account for credit losses
IFRS7p16 AppxB1-B2. or the terms of the loan were renegotiated. 2. and (c) the terms and conditions associated with its use of the collateral. disclose the same information as required by IFRS 7 para18 if those breaches permitted the lender to demand accelerated repayment (unless the breaches were remedied.
Disclose: (a) the carrying amount of financial assets that the entity has pledged as collateral for liabilities or contingent liabilities. disclose: (a) details of any defaults during the period of principal. B5(d)
50
. or the terms of the loans payable were renegotiated. including amounts that have been reclassified in accordance with IAS 39 para 37(a). Collateral
IFRS7p14
IFRS7p15
1. showing separately those on financial assets or financial liabilities designated as such upon initial recognition.

IAS 39 para 11A or IAS 39 para 12 for such designation. include a narrative description of the circumstances underlying the measurement or recognition inconsistency that would otherwise arise. include a narrative description of how designation at fair value through profit or loss is consistent with the entity’s documented risk management or investment strategy. and (e) the amount of any impairment loss for each class of financial asset. (d) when an allowance account is used to reduce the carrying amount of financial assets impaired by credit losses: (i) the criteria for determining when the carrying amount of impaired financial assets is reduced directly (or. trusts. (b) the criteria for designating financial assets as available for sale. (c) fee income and expense (other than amounts included in determining the effective interest rate) arising from: (i) financial assets or financial liabilities that are not at fair value through profit or loss. increased directly) and when the allowance account is used.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
financial liabilities that are classified as held for trading in accordance with IAS 39. and (iii) how the entity has satisfied the conditions in IAS 39 para 9. retirement benefit plans and other institutions. (c) whether regular way purchases and sales of financial assets are ccounted for at trade date or at settlement date (see a IAS 39 para 38). (b) total interest income and total interest expense (calculated using the effective interest method) for financial assets or financial liabilities that are not at fair value through profit or loss. (iii) held-to-maturity investments. Disclosure required by IFRS 7 para 21 may include: (a) for financial assets or financial liabilities designated as at fair value through profit or loss: (i) the nature of the financial assets or financial liabilities the entity has designated as at fair value through profit or loss. and
51
Section A – Disclosures for consideration by all entities
. and (ii) trust and other fiduciary activities that result in the holding or investing of assets on behalf of individuals. For instruments designated in accordance with IAS 39 para 9(b)(ii) of the definition of a financial asset or financial liability at fair value through profit or loss. in the case of a reversal of a write-down. (ii) the criteria for designating such financial assets or financial liabilities on initial recognition. showing separately the amount of gain or loss recognised directly in equity during the period and the amount removed from equity and recognised in profit or loss for the period. For instruments designated in accordance with IAS 39 para 9(b)(i) of the definition of a financial asset or financial liability at fair value through profit or loss. Disclose in the summary of significant accounting policies the measurement basis (or bases) used in preparing the financial statements and the other accounting policies used that are relevant to an understanding of the financial statements. (ii) available-for-sale financial assets. and (v) financial liabilities measured at amortised cost. (d) interest income on impaired financial assets accrued in accordance with IAS 39 AG 93. Other disclosures
IFRS7p21 1p117
(a) Accounting policies
IFRS7 AppxB5
1. (iv) loans and receivables.
11.

fair value hedges. and (ii) on the hedged item attributable to the hedged risk. (c) the amount that was recognised in equity during the period. disclose whether the entity has chosen to adjust the amounts reclassified to profit or loss on a disposal (or partial disposal) of a foreign operation to the amount that arises under the direct method. and (c) the ineffectiveness recognised in profit or loss that arises from hedges of net investments in foreign operations. 2. and (e) the amount that was removed from equity during the period and included in the initial cost or other carrying amount of a non-financial asset or non-financial liability whose acquisition or incurrence was a hedged highly probable forecast transaction. and (g) when the terms of financial assets that would otherwise be past due or impaired have been renegotiated. gains or losses: (i) on the hedging instrument. Disclose separately: (a) in fair value hedges. (d) the amount that was removed from equity and included in profit or loss for the period. but which is no longer expected to occur. disclose: (a) the periods when the cash flows are expected to occur and when they are expected to affect profit or loss. (b) the ineffectiveness recognised in profit or loss that arises from cash flow hedges. (b) a description of the financial instruments designated as hedging instruments and their fair values at the reporting date. the accounting policy for financial assets that are the subject of renegotiated terms (see IFRS 7 para 36(d)). the judgements.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
IFRS7p22
2. (b) Hedge accounting Disclose the following separately for each type of hedge described in IAS 39 (ie. If the step-by-step method of consolidation is used.
(ii) the criteria for writing off amounts charged to the allowance account against the carrying amount of impaired financial assets (see IFRS 7 para 16).
52
. and (c) the nature of the risks being hedged. that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements (see IAS 1 para 122). apart from those involving estimations. whether the net gains or net losses on items at fair value through profit or loss include interest or dividend income. (e) how net gains or net losses on each category of financial instrument are determined (see IFRS 7 para 20(a)). 1. showing the amount included in each line item in the income statement. (f) the criteria the entity uses to determine that there is objective evidence that an impairment loss has occurred (see IFRS 7 para 20(e)). 3. For cash flow hedges. for example. (b) a description of any forecast transaction for which hedge accounting had previously been used. in the summary of significant accounting policies or other notes.
IFRS7p23
IFRS7p24
IFRIC16p17
4. Disclose. cash flow hedges and hedges of net investments in foreign operations): (a) a description of each type of hedge.

The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. that measurement is a Level 3 measurement. and (c) inputs for the asset or liability that are not based on observable market data (unobservable inputs) (Level 3). The fair value hierarchy has the following levels: (a) quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). disclose that change and the reasons for making it. but offset them only to the extent that their carrying amounts are offset in the statement of financial position. classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. For fair value measurements recognised in the statement of financial position. for each class of financial assets and financial liabilities (see IFRS 7 para 6). significance is judged with respect to profit or loss. either directly (that is. Transfers into each level are disclosed and discussed separately from transfers out of each level. disclose for each class of financial instrument: (a) the level in the fair value hierarchy into which the fair value measurements are categorised in their entirety. considering factors specific to the asset or liability. as prices) or indirectly (that is. and a description of where they are presented in the statement of comprehensive income or the separate income statement (if presented). Assessing the significance of a particular input to the fair value measurement in its entirety requires judgement.
(c) Fair value Except as set out in IFRS 7 para 29. when a valuation technique is used. group financial assets and financial liabilities into classes.
IFRS7p27B
3. and interest rates or discount rates. (c) for fair value measurements in Level 3 of the fair value hierarchy. For this purpose. rates of estimated credit losses. If there has been a change in valuation technique. disclosing separately changes during the period attributable to the following: (i) total gains or losses for the period recognised in profit or loss. Disclose for each class of financial instrument the methods Appx B1-B3 and. and total assets or total liabilities. an entity discloses information about the assumptions relating to prepayment rates. if applicable.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
IFRS7p25 AppxB1-B3
1. the assumptions
IFRS7p27A
applied in determining fair values of each class of financial assets or financial liabilities. In disclosing fair values.
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Section A – Disclosures for consideration by all entities
. The significance of an input is assessed against the fair value measurement in its entirety. segregating fair value measurements in accordance with the levels defined in IFRS 7 para 27A. For example. a reconciliation from the beginning balances to the ending balances. If a fair value measurement uses observable inputs that require significant adjustment based on unobservable inputs. disclose the fair value of that class of assets and liabilities in a way that permits it to be compared with its carrying amount. (b) inputs other than quoted prices included within Level 1 that are observable for the asset or liability. To make the disclosures required by paragraph 27B. (b) any significant transfers between Level 1 and Level 2 of the fair value hierarchy and the reasons for those transfers.
4.
IFRS7p26 AppxB1-B3
IFRS7p27 2. derived from prices) (Level 2).

and (b) the aggregate difference yet to be recognised in profit or loss at the beginning and end of the period and a reconciliation of changes in the balance of this difference. disclose information to help users of the financial statements make their own judgements about the extent of possible differences between the carrying amount of those financial assets or financial liabilities and their fair value. transfers attributable to changes in the observability of market data) and the reasons for those transfers. The entity discloses how the effect of a change to a reasonably possible alternative assumption was calculated. (d) the amount of total gains or losses for the period in (c)(i) included in profit or loss that are attributable to gains or losses relating to those assets and liabilities held at the end of the reporting period and a description of where those gains or losses are presented in the statement of comprehensive income or the separate income statement (if presented). total equity. and (iv) transfers into or out of Level 3 (for example.
54
. or. then the entity states that fact and discloses the effect of those changes. that is measured at cost in accordance with IAS 39 because its fair value cannot be measured reliably.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
IFRS7p28
5. or derivatives linked to such equity instruments. (b) a description of the financial instruments. or (c) for a contract containing a discretionary participation feature (as described in IFRS 4) if the fair value of that feature cannot be measured reliably. unless conditions described in IAS 39 AG76 are met. sales. (b) for an investment in equity instruments that do not have a quoted market price in an active market. Disclose the quantitative disclosures in IFRS 7 para 27B in tabular format unless another format is more appropriate. In the cases described in IFRS 7 para 29(b) and (c). transfers into Level 3 are disclosed and discussed separately from transfers out of Level 3. its fair value is established using a valuation technique (see IAS 39 AG74-79). if changing one or more of the inputs to reasonably possible alternative assumptions would change fair value significantly. There could be a difference between the fair value at initial recognition and the amount that would be determined at that date using the valuation technique. for financial instruments such as short-term trade receivables and payables). their carrying
IFRS7p29
IFRS7p30
6. when changes in fair value are recognised in other comprehensive income. and (e) for fair value measurements in Level 3. including: (a) the fact that fair value information has not been disclosed for these instruments because their fair value cannot be measured reliably. disclose. and total assets or total liabilities. significance is judged with respect to profit or loss. For this purpose. If such a difference exists. If the market for a financial instrument is not active. (iii) purchases.
(ii) total gains or losses recognised in other comprehensive income. by class of financial instrument: (a) the accounting policy for recognising that difference in profit or loss to reflect a change in factors (including time) that market participants would consider in setting a price (see IAS 39 AG76A). The best evidence of fair value at initial recognition is the transaction price (ie. Disclosures of fair value are not required: (a) when the carrying amount is a reasonable approximation of fair value (for example. 7. issues and settlements (each type of movement disclosed (a) separately). For significant transfers. the fair value of the consideration given or received).

(b) objectives. taking into account the circumstances of the entity. such as a management commentary or risk report. disclose: (a) summary quantitative data about exposure to that risk at the reporting date. geographical area. (b) the disclosures required by IFRS 7 para 36-42.
13. unless the risk is not material (see IAS 1 paras 29-31 for a discussion of materiality).
IFRS7 AppdxB8
55
Section A – Disclosures for consideration by all entities
. The disclosures required by IFRS 7 paras 31-42 should either be given in the financial statements or incorporated by crossreference from the financial statements to some other statement. Nature and extent of risks arising from financial instruments
IFRS7p31
IFRS7 AppdxB6
Disclose information that enables users of the financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed at the reporting date. and (e) if financial instruments whose fair value previously could not be reliably measured are derecognised. that fact. currency or market). IFRS 7 para 34(c) requires disclosures about concentrations of risk. to the extent not provided in (a). policies and processes for managing the risk and the methods used to measure the risk.
IFRS7p32
The disclosures required by IFRS 7 para 33-42 focus on the risks that arise from financial instruments and how they have been managed. These risks typically include. Quantitative disclosures
1. Include in the disclosure of concentrations of risk: (a) a description of how management determines concentrations. and (c) any changes in (a) or (b) from the previous period. Without the information incorporated by cross-reference. and (c) the amount of the risk exposure associated with all financial instruments sharing that characteristic. (c) information about the market for the instruments. For each type of risk arising from financial instruments.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
amount. credit risk. B10A
14. The identification of concentrations of risk requires judgement.
12. and an explanation of why fair value cannot be measured reliably. for example the entity’s board of directors or chief executive officer. and the amount of gain or loss recognised. that is available to users of the financial statements on the same terms as the financial statements and at the same time.
IFRS7p34 AppdxB7. (b) a description of the shared characteristic that identifies each concentration (for example. liquidity risk and market risk. (d) information about whether and how the entity intends to dispose of the financial instruments. disclose: (a) the exposures to risk and how they arise. Qualitative disclosures
IFRS7p33
For each type of risk arising from financial instruments. but are not limited to. the financial statements are incomplete. their carrying amount at the time of derecognition. Concentrations of risk arise from financial instruments that have similar characteristics and are affected similarly by changes in economic or other conditions. counterparty. and (c) concentrations of risk if not apparent from (a) and (b). This disclosure should be based on the information provided internally to key management personnel of the entity (as defined in IAS 24).

When an entity obtains financial or non-financial assets during the period by taking possession of collateral it holds as security or calling on other credit enhancements (for example. including the factors the entity considered in determining that they are impaired. the policies for disposing of such assets or for using them in its operations. and (c) a description of how the liquidity risk inherent in (a) and (b).
IFRS7p39 AppdxB10A -B11A. B11C. (b) in respect of the amount disclosed in (a). For example. use judgement to determine an appropriate number of time bands. and (d) the carrying amount of financial assets that would otherwise be past due or impaired whose terms have been renegotiated. provide further information that is representative. guarantees). and (b) when the assets are not readily convertible into cash. and (c) for the amounts disclosed in (a) and (b). The maturity analysis should include the remaining contractual maturities that are essential for an understanding of the timing of the cash flows. In preparing the contractual maturity analysis for financial liabilities required by IFRS 7 para 39(a) and (b). a description of collateral held by the entity as security and other credit enhancements and. (b) a maturity analysis for derivative financial liabilities. B11D. (b) an analysis of financial assets that are individually determined to be impaired as at the reporting date. (c) information about the credit quality of financial assets that are neither past due nor impaired. (b) later than one month and no later than three months. netting agreements that do not qualify for offset in accordance with IAS 32). (b) Liquidity risk Disclose: (a) a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. an estimate of their fair value. and such assets meet the recognition criteria in other standards. an entity might determine that the following time bands are appropriate: (a) no later than one month. and (d) later than one year and no later than five years.
IFRS7p36 AppdxB9-10
IFRS7p37
IFRS7p38
Collateral and other credit enhancements obtained 1. (c) later than three months and no later than one year.Disclosure checklist 2009 – Section A8 Y-NA-NM
IFRS7p35
Section A – Disclosures for consideration by all entities
REF
2. a description of collateral held as security and other credit enhancements. Financial assets that are either past due or impaired Disclose by class of financial asset: (a) an analysis of the age of financial assets that are past due as at the reporting date but not impaired. unless impracticable. B11E and B11F
IFRS7 AppdxB11
56
. disclose: (a) the nature and carrying amount of the assets obtained. (a) Credit risk Disclose by class of financial instrument: (a) the amount that best represents the entity’s maximum exposure to credit risk at the reporting date without taking account of any collateral held or other credit enhancements (for example. If the quantitative data disclosed as at the reporting date is unrepresentative of the entity’s exposure to risk during the period.

components arising from cash flow hedges). (c) any changes in (a) and (b) from the previous period. Other entities regard capital as excluding some components of equity (for example.
IFRS7p41 AppdxB20
IFRS7p42
IFRIC2p13
15.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
IFRS7p40 AppdxB17- B19 and B21-B28
(c) Market risk Sensitivity analysis Unless an entity complies with IFRS 7 para 41. including (but not limited to): (i) a description of what it manages as capital. To comply with paragraph 134. and (e) when the entity has not complied with such externally imposed capital requirements. and (c) changes from the previous period in the methods and assumptions used. and (iii) how it is meeting its objectives for managing capital. disclose separately the amount. policies and processes for managing capital. If the entity prepares a sensitivity analysis. (b) summary quantitative data about what it manages as capital.135
1p135
1. and of the main parameters and assumptions underlying the data provided. some forms of subordinated debt) as part of capital. that reflects interdependencies between risk variables (for example. Some entities regard some financial liabilities (for example. (ii) when an entity is subject to externally imposed capital requirements. because the year-end exposure does not reflect the exposure during the year). (d) whether during the period it complied with any externally imposed capital requirements to which it is subject. (b) the methods and assumptions used in preparing the sensitivity analysis. the consequences of such non-compliance. such as value at risk. and the reasons for such changes. disclose the following: (a) qualitative information about its objectives. 2. interest rates and exchange rates) and uses it to manage financial risks. and (b) an explanation of the objective of the method used and of limitations that may result in the information not fully reflecting the fair value of the assets and liabilities involved. Other market risk disclosures When the sensitivity analyses disclosed in accordance with IFRS 7 para 40 or IFRS 7 para 41 are unrepresentative of a risk inherent in a financial instrument (for example. policies and processes for managing capital. disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at the end of the reporting period. timing and reason for that transfer. Capital disclosures
1p134. disclose that fact and the reason the sensitivity analyses are unrepresentative. it may use that sensitivity analysis in place of the analysis specified in IFRS 7 para 40. showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. the nature of those requirements and how those requirements are incorporated into the management of capital. When a change in the redemption prohibition leads to a transfer between financial liabilities and equity. Disclose information that enables users of its financial statements to evaluate its objectives. Also disclose: (a) an explanation of the method used in preparing such a sensitivity analysis.
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Section A – Disclosures for consideration by all entities
.

classified as an equity instrument between financial liabilities and equity. and (d) information about how the expected cash outflow on redemption or repurchase was determined. If an entity has reclassified an instrument that imposes on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and is classified as an equity instrument between financial liabilities and equity. (a) the amount of dividends proposed or declared before the financial statements were authorised for issue but not recognised as a distribution to owners in the period. Financial guarantees
Amendments to IAS 39 and IFRS 4. If the entity elects to apply IFRS 4. and (b) the amount of any cumulative preference dividends not recognised.
1p80A(a)
5.Disclosure checklist 2009 – Section A8 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
1p136
Base these disclosures on the information provided internally to the entity’s key management personnel. it should comply with IFRS 7 disclosure requirements for these contracts. policies and processes for managing its obligation to repurchase or redeem the instruments when required to do so by the instrument holders. When an aggregate disclosure of capital requirements and how capital is managed would not provide useful information or distorts a financial statement user’s understanding of an entity’s capital resources.
1p136A
6. was issued in August 2005. (b) its objectives. and the related amount per share. and those entities may also operate in several jurisdictions.(b) 8. Disclose for puttable financial instruments classified as equity
1p136A(a)
1p136A(b)
1p136A(c)
1p136A(d)
1p136A(b)
1p136A(a). Financial Guarantee Contracts. including any changes from the previous period. The issuer of financial guarantee contracts may elect to apply either IFRS 4 (if the entity has previously asserted explicitly that it regards such contracts as insurance contracts and has used accounting applicable to insurance contracts) or IAS 39 for measurement of financial guarantee contracts. and (b) the timing and reason for that reclassification. For example. and (b) the timing and reason for that reclassification. it should comply with IFRS 4 disclosure requirements to such contracts (refer to Section E). An entity may manage capital in a number of ways and be subject to a number of different capital requirements. disclose: (a) the amount reclassified into and out of each category (financial liabilities or equity). If the entity elects to apply IAS 39 for measurement of financial guarantee contracts. instruments (to the extent not disclosed elsewhere): (a) summary quantitative data about the amount classified as equity. Disclose in relation to dividends:
16.
58
. If an entity has reclassified a puttable financial instrument
7. (c) the expected cash outflow on redemption or repurchase of that class of financial instruments. a conglomerate may include entities that undertake insurance activities and banking activities. the entity should disclose separate information for each capital requirement to which the entity is subject. disclose: (a) the amount reclassified into and out of each category (financial liabilities or equity).

2. the caption in the income statement that includes that gain or loss. 4. and (d) the segment in which the non-current asset (or disposal group) is presented under IAS 14.
IFRS5p42
IFRS5p33 12p81(h)
10. Disclose separately any cumulative income or expanse recognised directly in equity relating to a non-current asset (or disposal group) classified as held for sale. (c) the gain or loss recognised as result of remeasurement to fair value less costs to sell. and if not separately presented on the face of the income statement.
IFRS5p38
IFRS5p39
IFRS5p38
IFRS5p40
5.
IFRS5p41
IFRS5p12
7. Disclose the information specified in para 5 (a). If a non-current asset (or disposal group) ceases to be held for sale. Amounts presented for non-current assets or for the assets and liabilities of disposal groups classified as held for sale in the balance sheets for prior periods should not be reclassified or re- presented to reflect the classification in the balance sheet for the latest period presented. 6. and
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Section A – Disclosures for consideration by all entities
. disclose the following for all periods presented: (a) a single amount on the face of the income statement comprising the total of: (i) the post-tax profit or loss of discontinued operations. For discontinued operations.Disclosure checklist 2009 – Section A9 Y-NA-NM REF
A9 Non-current assets held for sale and discontinued operations
The following disclosures are required when an entity has noncurrent assets held for sale and/or discontinued operations as defined by IFRS 5. Disclose separately the major classes of assets and liabilities classified as held for sale either on the face of the balance sheet or in the notes to the financial statements. (b) and (d) above in the notes if the criteria for classification of non-current assets (or disposal groups) as held for sale (refer to IFRS 5 paras 7 and 8) are met after the balance sheet date but before the authorisation of the financial statements for issue. Present separately from other assets in the balance sheet a non-current asset classified as held for sale and the assets of a disposal group classified as held for sale (within current assets). together with the effect of the decision on the results of operations for the period and any prior periods presented. For a non-current asset (or disposal group) held for sale or sold. Do not offset the assets and liabilities of a disposal group and do not present as a single amount. 8.
IFRS5p38 1p55
IFRS5p38 1p55
1. 9. Present the liabilities of a disposal group classified as held for sale separately (classified as current liabilities) from other liabilities in the balance sheet 3. (b) a description of the facts and circumstances leading to the expected disposal and the expected manner and timing of that disposal. and (ii) the post-tax gain or loss recognised on the remeasurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation. disclose a description of the facts and circumstances leading to the decision to change the plan to sell the non- current asset (or disposal group). if applicable. Disclosure of the major classes of assets and liabilities is not required if the disposal group is a newly acquired subsidiary that meets the criteria to be classified as held for sale on acquisition. disclose: (a) a description of the non-current asset (or disposal group).

it should be presented in a section relating to discontinued operations separate from continuing operations. The nature and amount of such adjustments should be disclosed 13. f a component of an entity ceases to be classified as held for I sale. (ii) the gain or loss recognised on the remeasurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation.
IFRS5p34
IFRS5p35
11. together with the corresponding amounts for each prior period presented. reclassify the results of operations of the component previously presented in discontinued operations and include it in income from continuing operations for all periods presented. Disclose the amounts for prior periods as having been re-presented. and − the profit or loss from the ordinary activities of the discontinued operation for the period. The analysis is not required if the disposal group is a newly acquired subsidiary that meets the criteria to be classified as held for sale on acquisition. The analysis may be given in the notes or on the face of the income statement.Disclosure checklist 2009 – Section A9 Y-NA-NM REF
Section A – Disclosures for consideration by all entities
(b) an analysis of the single amount in (a) into: (i) the revenue. and (iii) the tax expense relating to: − the gain or loss on discontinuance.2 para 6 for prior periods presented in the financial statements so that the disclosures relate to all operations that have been discontinued by the balance sheet date for the latest period presented. resent separately in discontinued operations any adjustments P in the current period to amounts previously presented in discontinued operations that are directly related to the disposal of a discontinued operation in a prior period.
IFRS5p36
IFRS5p36A
60
. Presenting discontinued operations An entity that is committed to a sale plan involving the loss of control of a subsidiary discloses the information required by IFRS 5 para 33 to para 36 when the subsidiary is a disposal group that meets the definition of a discontinued operation in accordance with IFRS 5 para 32. 12. If it is given on the face of the income statement. expenses and pre-tax profit or loss of discontinued operations. Re-present the disclosures in para 7 above and A6.

including comparatives) should be translated at the closing rate at the date of the most recent balance sheet. Disclose accounting policies. the entity should restate its financial statements in accordance with IAS 29 before applying the translation method set out in IAS 21 para 42. to the extent practicable. the impact on basic and diluted earnings per share.
29p39(a) 2.
63
Section B – Disclsoures required in certain situations
. except: (b) when amounts are translated into the currency of a non–hyperinflationary economy. liabilities. (c) the amount of the correction at the beginning of the earliest prior period presented. historical cost approach or a current cost approach. currency is the currency of a hyperinflationary economy should be translated into a different presentation currency using the following procedures: (a) all amounts (assets.
21p42 6. and (ii) if IAS 33 applies to the entity. are stated in terms of the measuring unit current at the balance sheet date. Provide the following information:
(a) the identity of the price index. comparative amounts should be those that were presented as current year amounts in the relevant prior year financial statements (not adjusted for subsequent changes in the price level or subsequent changes in exchange rates). When the economy ceases to be hyperinflationary and the entity no longer restates its financial statements in accordance with IAS 29. Disclose whether the financial statements are based on a 29p39(c) 4.
When an entity’s functional currency is the currency of a hyperinflationary economy. (b) for each prior period presented. and (d) if retrospective restatement is impracticable for a particular prior period. Disclose the gain or loss on the net monetary position included in net income. It is useful to disclose the three years cumulative inflation at the balance sheet date for each of the periods presented in the financial statements. the circumstances that led to the existence of that condition and a description of how and from when the error has been corrected.
8p49
B2
1p119
Reporting in the currency of a hyperinflationary economy
1. except for comparative amounts that are translated into a currency of a non-hyperinflationary economy (refer to IAS 21 para 42(b)). These disclosures need not be repeated in the financial statements of subsequent periods. the amount of the correction: (i) for each financial statement line item affected.Disclosure checklist 2009 – Sections B1-B2 Y-NA-NM REF
B1
8p49
Correction of prior-period errors
1. as a result. it should use as the historical costs to translate into the presentation currency the amounts restated to the price level at the date the entity ceased restating its financial statements. and (c) the movement in the index during the current and previous reporting period. equity items. (b) the level of the price index at the balance sheet date. Disclose: (a) the nature of the prior-period error. This is usually disclosed as a separate line above profit/loss before taxation in the income statement. and income and expenses. Disclose the fact that the financial statements and the
29p39(b) 3. The results and financial position of an entity whose functional
21p43
7.
29p9
5. corresponding figures for previous periods have been restated for the changes in the general purchasing power of the functional currency and.

and (b) for each period presented. Where an entity has departed from a requirement of an IFRS in a prior period and the amounts recognised in the current period are affected by that departure.20
Departure from IFRS
1. Where management concludes that compliance with a requirement in IFRS would be so misleading as to conflict with the objective of financial statements set out in the Framework. disclose: (a) that management has concluded that the financial statements fairly present the entity’s financial position. the adjustments to each item in the financial statements that management has concluded would be necessary to give a fair presentation. the nature of the departure. (b) that it has complied in all material respects with applicable standards and interpretations. cash flows and related notes are not comparable. changes in equity. disclose that fact together with the reason that the entity is not regarded as a going concern and the basis on which it prepared the financial statements. and (b) the fact that comparative amounts for the income statement. financial performance and cash flows.
64
. reduce the perceived misleading aspects of compliance as far as possible by disclosing: (a) the title of the IFRS in question. In the extremely rare situations where departure from IFRS is necessary to achieve a fair presentation.
B5
1p49
Change of year-end
1. When an entity does not prepare financial statements on a going concern basis. and its financial statements are presented for a period longer or shorter than one year. except that it has departed from a particular requirement to achieve a fair presentation.Disclosure checklist 2009 – Sections B3-B5 Y-NA-NM REF
B3
1p25
Uncertainties about going concern
1.
1p25
B4
1p19. disclose: (a) the reason for a period other than one year being used. (c) the the title of the IFRS from which the entity has departed. When an entity changes its year-end. the reason why that treatment would be misleading in the circumstances and the treatment adopted. but departure from the requirement is prohibited by the relevant regulatory framework. an entity may depart from IFRS if the relevant regulatory framework requires it or does not prohibit such a departure. including the treatment that the IFRS would require. In these circumstances. 3. the nature of the requirement and the reason why management considers compliance with that requirement to be so misleading as to conflict with the objective of financial statements set out in the Framework. the financial impact of the departure on each item in the financial statements that would have been reported in complying with the requirement. and (d) for each period presented. Disclose material uncertainties relating to events or conditions that may cast significant doubt upon the entity’s ability to continue as a going concern. 2.
Section B – Disclsoures required in certain situations
1p20
1p21
1p23(a). disclosure point (c) and (d) above.(b)
2.

(ii) the maximum term of options granted. The entity may instead disclose the weighted average share price during the period if options were exercised on a regular basis throughout the period. and (vii) exercisable at the end of the period. (iii) proportion of ownership interest.
27p41
B7
Share-based payments
1. (b) the fact that the exemption from consolidation has been used. and they do not object. IFRS2p45(c) (c) the weighted average share price at the date of exercise for share options exercised during the period. and (f) a description of the method used to account for the investments listed under (b) above. The entity should disclose at least the following: IFRS2p45(a) (a) a description of each type of share-based payment arrangement that existed at any time during period. proportion of voting power held. If the parent is wholly or partially owned. Provide information that enables users of the financial statements to understand the nature and extent of share- based payment arrangements that existed during the period. in accordance with IAS 27 para 10. (c) the name and country of incorporation or residence of the entity whose consolidated financial statements that comply with IFRS have been produced for public use.Disclosure checklist 2009 – Sections B6-B7 Y-NA-NM REF
B6
27p10
Intermediate parent company – consolidated financial statements not presented
Under IAS 27 para 10. whether in cash or equity). the including the general terms and conditions of each arrangement. unless separate disclosure of each arrangement is necessary to enable users of the financial statements to understand the nature and extent of share-based payment arrangements that existed during the period. (e) a list of significant investments in subsidiaries. disclose in those separate financial statements: (a) the fact that the financial statements are separate financial statements. and (iii) the method of settlement (for example. IFRS2p45(b) (b) the number and weighted average exercise prices of share options for each of the following groups of options: (i) outstanding at the beginning of the period. including: (i) the name. a parent that is a wholly owned subsidiary need not present consolidated financial statements. When separate financial statements are prepared for a parent that. (iv) exercised during the period. (iii) forfeited during the period. elects not to prepare consolidated financial statements. (ii) granted during the period. An entity with substantially similar types of share-based payment arrangements may aggregate this information. (ii) country of incorporation or residence. including those not otherwise entitled to vote. such as: (i) vesting requirements. (v) expired during the period. (vi) outstanding at the end of the period. 1. and (iv) if different. jointly controlled entities and associates. it need not present consolidated financial statements if it informs the owners. (d) the address where those consolidated financial statements are obtainable.
IFRS2p44
65
Section B – Disclsoures required in certain situations
.

such as a market condition. and (iii) whether and how any other features of the equity instruments granted were incorporated into the measurement of fair value.
66
. including: (i) if fair value was not measured on the basis of an observable market price. (ii) whether and how expected dividends were incorporated into the measurement of fair value. (ii) the incremental fair value granted (as a result of those modifications). and (iii) information on how the incremental fair value granted was measured. – expected volatility. and (c) for share-based payment arrangements that were modified during the period: (i) an explanation of those modifications. including the method used and the assumptions made to incorporate the effects of expected early exercise. or the fair value of the equity instruments granted. during the period was determined (refer to paras 3-5 below).Disclosure checklist 2009 – Section B7 Y-NA-NM
IFRS2p45(d)
REF
(d) for share options outstanding at the end of the period. whether fair value was measured at a market price for those goods or services. (ii) how expected volatility was determined. the outstanding options should be divided into ranges that are meaningful for assessing the number and timing of additional shares that may be issued and the cash that may be received upon exercise of those options. and (ii) weighted average remaining contractual life. the weighted average fair value of those options at the measurement date and information on how that fair value was measured. (i) the range of exercise prices. and information on how that fair value was measured.
Section B – Disclsoures required in certain situations
3. – exercise price. by reference to the fair value of the equity instruments granted. disclose at least the following: (a) for share options granted during the period. including: – the weighted average share price. If the entity has measured directly the fair value of goods or services received during the period. including an explanation of the extent to which expected volatility was based on historical volatility. including: (i) the option pricing model used and the inputs to that model.
Provide information that enables users of the financial statements to understand how the fair value of the goods or services received. how it was determined.
IFRS2p46
IFRS2p47
2. (b) for other equity instruments granted during the period (other than share options). the number and weighted average fair value of those equity instruments at the measurement date. disclose how that fair value was determined. If the range of exercise prices is wide. and – any other inputs to the model. – the risk-free interest rate. IFRS2p47(a)
IFRS2p47(b) IFRS2p47(c)
IFRS2p48
4. – option life. for example. consistently with the requirements set out in (a) and (b) above. and (iii) whether and how any other features of the option grant were incorporated into the measurement of fair value. where applicable. If the entity has measured the fair value of goods or services received as consideration for equity instruments of the entity indirectly. – expected dividends.

Include in the first IFRS financial statements at least one year of comparative information under IFRS. 6.6 and B8. (b) a reconciliation of the profit or loss reported under previous GAAP for the latest period in the entity’s most recent annual financial statements to its profit or loss under IFRS for the same period. and (ii) the total intrinsic value at the end of the period of liabilities for which the counterparty’s right to cash or other assets had vested by the end of the period (for example. disclose that fact and give an explanation of why the presumption was rebutted. and
IFRS1p39
67
Section B – Disclsoures required in certain situations
. 2. General disclosures
IFRS1p36
IFRS1p37
1. Provide information that enables users of the financial statements to understand the effect of share-based payment transactions on the entity’s profit or loss for the period and on its financial position. (Quantification of those adjustments is not required).7: (a) label the previous GAAP information prominently as not being prepared under IFRS. If the first IFRS financial statements contain historical summaries or comparative information under previous GAAP as explained in Sections B8. Disclose at least the following: (a) the total expense recognised for the period arising from share-based payment transactions in which the goods or services received did not qualify for recognition as assets and were recognised immediately as an expense.
IFRS1p38
2. including separate disclosure of that portion of the total expense that arises from transactions accounted for as equity-settled share-based payment transactions. how fair value of the goods or services received or fair value of equity instruments granted during the period was determined and the effect of the share-based payment arrangements on profit or loss for the period and on financial position. vested share appreciation rights). and (b) for liabilities arising from share-based payment transactions: (i) the total carrying amount at the end of the period. and (b) disclose the nature of the main adjustments that would make it comply with IFRS. financial performance and cash flows. 7. Explanation of transition to IFRS
1.Disclosure checklist 2009 – Sections B7-B8 Y-NA-NM
IFRS2p49
REF
IFRS2p50
5. Provide an explanation of how the transition from previous GAAP to IFRS affected the reported financial position. Include in the first IFRS financial statements: (a) reconciliations of the entity’s equity reported under previous GAAP to its equity under IFRS for both of the following dates: (i) the date of transition to IFRS. and (ii) the end of the latest period presented in the entity’s most recent annual financial statements under previous GAAP.
IFRS2p51
IFRS2p52
B8
First-time adoption of IFRS
1. Disclose additional information that is necessary to enable users of the financial statements to understand the nature and extent of share-based payment arrangements that existed during the period.
If the entity has rebutted the presumption that fair value of goods and services other than employee services can be estimated reliably. 2.

IFRS1p44A(a) IFRS1p44A(b) IFRS1p44A(c)
5. the disclosures that IAS 36 would have required if the entity had recognised those impairment losses or reversals in the period beginning with the date of transition to IFRS. jointly controlled entity or associate in its separate financial statements. and (b) profit or loss under previous GAAP for the comparable interim period (current and year-to-date) to profit or loss under IFRS for that period. the reconciliations required by IFRS 1 para 39(a) and (b) should distinguish the correction of those errors from changes in accounting policies. an investment property or an intangible asset (refer to IFRS 1 paras 16 and 18). (b) the aggregate deemed cost of those investments for which deemed cost is fair value. Designation of financial assets or financial liabilities
Disclose the fair value of any financial assets or financial liabilities designated at fair value through profit or loss or as available for sale and the carrying amount in the previous financial statements. If an entity uses a deemed cost in its opening IFRS balance sheet for an investment in a subsidiary. disclose that fact in its first IFRS financial statements. disclose in the first IFRS financial statements. disclose in the first IFRS financial statements: (a) the aggregate deemed cost of those investments for which deemed cost is the previous GAAP carrying amount.Disclosure checklist 2009 – Section B8 Y-NA-NM REF
IFRS1p40
(c) if the entity recognised or reversed any impairment losses for the first time in preparing its opening IFRS balance sheet.
68
.
IFRS1p40
Section B – Disclsoures required in certain situations
IFRS1p41
3. If an entity did not present financial statements for previous periods. Disclose material adjustments to the cash flow statement. Interim financial reports
IFRS1p45
1. The reconciliations required should give sufficient detail to enable users to understand the material adjustments to the balance sheet and income statement. if an entity presented a cash flow statement under its previous GAAP 4. Interim financial report under IAS 34 for part of the period covered by first IFRS financial statements should include reconciliations of: (a) equity under previous GAAP at the end of the comparable interim period to equity under IFRS at that date.
IFRS1p44
4. If fair value is used as deemed cost for an item of property.
IFRS1p44A
1. 5. plant and equipment. and (c) the aggregate adjustment to the carrying amounts reported under previous GAAP. Use of fair value as deemed cost
1. for each line item in the opening IFRS balance sheet: (a) the aggregate of those fair values.
IFRS1p43
IFRS1p43A
3. and (b) the aggregate adjustment to the carrying amounts reported under previous GAAP. If an entity becomes aware of errors made under previous GAAP.

an entity’s first interim financial report under IAS 34 for part of the period covered by its first IFRS financial statements should include the reconciliations described in IFRS 1 para 39(a) and (b) (supplemented by the details required by IFRS 1 paras 40 and 41) or a cross-reference to another published document that includes these reconciliations. disclose that information in its interim financial report or include a cross-reference to another published document that includes it.Disclosure checklist 2009 – Section B8 Y-NA-NM REF
IFRS1p46
In addition to the reconciliations required by (a) and (b) above. If a first-time adopter did not disclose information material to an understanding of the current interim period in its most recent annual financial statements under previous GAAP.
.
69
Section B – Disclsoures required in certain situations
2.

73
Section C – Industry-specific disclosures
5.
41p41. and (b) non-financial measures or estimates of the physical quantities of: (i) each group of the entity’s biological assets at the end of the period. and (c) the methods used to determine the stage of completion of agreements in progress.
11p42
IFRIC15p20
IFRIC15p21
6. 2. Disclose in accounting policies: (a) the methods used to determine the contract revenue recognised in the period. 3. disclose: (a) the aggregate amount of costs incurred and recognised profits. 3. 57
The disclosure requirements of IAS 41 apply to owned biological assets and to the amounts of leased biological assets held under finance leases in the lessee’s accounts. 1.
. disclose: (a) the aggregate amount of costs incurred and recognised profits (less recognised losses) to date. (b) the amount of revenue arising from such agreements in the period. Present on the balance sheet: (a) the gross amount due from customers for contract work as an asset. 42
41p40
41p46
41p47
4. for agreements that are in progress at the reporting date. (less recognised losses) to date.
11p39(c) 11p39(a) 11p40
2. if it has not been disclosed elsewhere in information published with the financial statements: (a) the nature of activities involving each group of biological assets. and (b) the amount of advances received. Provide a description of each group of biological assets (narrative or quantified description). For construction contracts in progress at the balance sheet date. Disclose the aggregate gain or loss arising during the current period on initial recognition of biological assets and agricultural produce and from the change in fair value less estimated point- of-sale costs of biological assets. and (ii) the output of agricultural produce during the period. disclose: (a) how it determines which agreements meet all the criteria in IAS 18. Describe.Disclosure checklist 2009 – Sections C1-C2 Y-NA-NM REF
C1
1p110 11p39(b)
Construction contracts
1.14 continuously as construction progresses. (b) the amount of advances received. Disclose the amount of contract revenue recognised as revenue in the period. If the entity recognises revenue using the percentage of completion method for agreements that meet all the criteria of IAS 18.
C2
Agriculture
1. Disclose the methods and significant assumptions applied in determining the fair value of each group of agricultural produce at the point of harvest and each group of biological assets.14 continuously as construction progresses. and (b) the gross amount due to customers for contract work as a liability. and (b) the methods used to determine the stage of completion of contracts in progress. and (c) the amount of retentions. 4.
In addition to the disclosures required by IFRIC 15 para 20. General disclosures
17p32.

and the carrying amounts of biological assets pledged as security for liabilities. Disclose the following related to agricultural activity: (a) the nature and extent of government grants recognised in the financial statements. 9. Disclose: (a) the existence and carrying amounts of biological assets whose title is restricted.
41p57
8. Include in the reconciliation: (a) the gain or loss arising from changes in fair value less estimated point-of-sale costs. Present a reconciliation of changes in the carrying amount of biological assets between the beginning and the end of the current period. (b) an explanation of why fair value cannot be measured reliably. (c) if possible. (b) the amount of commitments for the development or acquisition of biological assets. the range of estimates within which fair value is highly likely to lie. Disclose the fair value less estimated point-of-sale costs of agricultural produce harvested during the period. and (g) other changes.
41p50
DV41p51
Section C – Industry-specific disclosures
41p55
7.
74
. 41p43
2. Provide a quantified description of each group of biological assets. determined at the point of harvest. Additional disclosures where fair value of biological assets cannot be measured
41p54
1. (f) net exchange differences arising on the translation of financial statements into a different presentation currency and on the translation of a foreign operation into the reporting entity’s presentation currency. (b) unfulfilled conditions and other contingencies relating to government grants.
When fair value of biological assets cannot be measured and cost is used. disclose: (a) a description of the biological assets. (e) the useful lives or the depreciation rates used.
DV. and (c) financial risk management strategies related to agricultural activity. and (f) the gross carrying amount and the accumulated depreciation (aggregated with accumulated impairment losses) at the beginning and end of the period. This reconciliation should separately identify any biological assets measured at cost loss accumulated depreciation and any accumulated impairment losses in accordance with IAS 41 para 30. and (c) significant decreases expected in the level of government grants. (b) increases due to purchases. (e) increases resulting from business combinations. 6. (d) decreases due to harvest. as appropriate. Entities are encouraged to disclose by group or otherwise the amount due to physical changes and due to price changes.Disclosure checklist 2009 – Section C2 Y-NA-NM
41p48
REF
41p49
5. (c) decreases due to sales and biological assets classified as held for sale (or included in a disposal group that is classified as held for sale) in accordance with IFRS 5. (d) the depreciation method used. distinguishing between consumable and bearer biological assets or between mature and immature biological assets.

If an entity changes from cost to fair value during the current period. (v) renewal and termination options. and (iii) later than five years. (a) Lessors – finance leases 1. (b) reversals of impairment losses. and (vi) other rights and obligations (for example.
Disclose any gain or loss recognised on disposal of biological assets. disclose the following in each period individually for each service concession arrangement or in aggregate for each class of service concession arrangement: (a) a description of the arrangement.
SIC29p6-7
SIC 29p6A
C4
17p47
Accounting by a lessor
Leases are financial instruments and therefore the disclosure requirements of IFRS 7 apply also to leases.
75
Section C – Industry-specific disclosures
. (d) changes in the arrangement occurring during the period. (b) significant terms of the arrangement that may affect the amount. as appropriate) of: (i) rights to use specified assets. for each of the following three periods: (i) no later than one year. re-pricing dates and the basis on which re-pricing or renegotiation is determined).
C3
Public service concession arrangements
1. timing and certainty of future cash flows (for example. Refer to Section A8.Disclosure checklist 2009 – Sections C2-C4 Y-NA-NM
41p55
REF
41p56
2 3. (c) the nature and extent (for example. time period or amount. the period of the concession. plant and equipment. and (e) how the service arrangement has been classified Disclose revenue and profits or losses recognised on exchanging construction services for a financial asset or an intangible asset. (b) the total gross investment in the lease and the present value of minimum lease payments receivable at the balance sheet date. (b) an explanation of why fair value has become reliably measurable. For concession operators or concession providers. (ii) later than one year and no later than five years. quantity. and (c) the effect of the change. Disclose: (a) a reconciliation between the total gross investment in the lease at the balance sheet date and the present value of minimum lease payments receivable at the balance sheet date. (ii) obligations to provide or rights to expect provision of services. (iii) obligations to acquire or to build items of property. and (c) depreciation. major overhauls). disclose: (a) a description of the biological assets. (iv) obligations to deliver or rights to receive specified assets at the end of the concession period. Disclose details of the following amounts included in net profit or loss related to those biological assets: (a) impairment losses.

17p65
Section C – Industry-specific disclosures
2. and (d) a general description of the lessor’s significant leasing arrangements. 57
(b) Lessors – operating leases 1.
76
. (d) the unguaranteed residual values accruing to the benefit of the lessor. Refer to Section A5. (ii) later than one year and no later than five years.Disclosure checklist 2009 – Section C4 Y-NA-NM REF
17p65
(c) unearned finance income. and (vi) impairment losses reversed for the period. Disclose: (a) for each class of asset: (i) gross carrying amount.
2. Presentation of Financial Statements. The disclosure requirements set out in para 1 above also apply
17p56. The disclosure requirements set out in para 1 above also apply
3. (c) total contingent rents included in income. and (g) a general description of the lessor’s significant leasing arrangements. Any unique or unusual provisions of the agreements or terms of the sale and leaseback transactions should be separately disclosed. to leases under IFRIC 4. Any unique or unusual provisions of the agreements or terms of the sale and leaseback transactions should be separately disclosed to leases under IFRIC 4.18 (c). (iii) later than five years.
SIC27p10-11
4. Sale and leaseback transactions
17p66
Sale and leaseback transactions may trigger the separate disclosure criteria in IAS 1. The disclosure requirements set out in para 1 above also apply to sale and leaseback transactions. (f) contingent rents recognised in income. (iv) depreciation charge for the period. (v) impairment losses recognised for the period. (b) the future minimum lease payments under non- cancellable operating leases.
IFRIC4pBC39 3. (ii) accumulated depreciation. (iii) accumulated impairment loss. in total and for each of the following three periods after the balance sheet date: (i) no later than one year.
IFRIC4pBC39 3. The disclosure requirements set out in para 1 above also apply to sale and leaseback transactions. (e) the accumulated allowance for uncollectable minimum lease payments receivable. Arrangements that do not involve a lease in substance
Certain special disclosures apply over the legal form of leases.

When a contributor accounts for its interest in the fund in accordance with IFRIC 5 para 9. When a contributor has an obligation to make potential additional contributions that is not recognised as a liability (refer to IFRIC5 para 10). restoration and environmental rehabilitation funds
IFRIC 5. it makes the disclosures required by IAS 37 para 85(c) (refer to Section A5. A residual interest in a fund that extends beyond a right to reimbursement. This interpretation applies to accounting in the financial statements of a contributor for interests arising from decommissioning funds that have both of the following features: (a) the assets are administered separately (either by being held in a separate legal entity or as segregated assets within another entity). ‘Rights to interests arising from decommissioning. 2. A contributor discloses the nature of its interest in a fund and any restrictions on access to the assets in the fund.Disclosure checklist 2009 – Section C5 Y-NA-NM REF
C5 Decommissioning. and (b) a contributor’s right to access the assets is restricted.23).16). effective from 1 January 2006. it makes the disclosures required by IAS 37 para 86 (refer to Section A5. such as a contractual right to distributions once all the decommissioning has been completed or on winding up the fund. explains how to treat expected reimbursements from funds set up to meet the costs of decommissioning plant (such as nuclear plant) or equipment (such as cars) or in undertaking environmental restoration or rehabilitation (such as rectifying pollution of water or restoring mined land). restoration and environmental rehabilitation funds’. Section C – Industry-specific disclosures
IFRIC5p13
3. may be an equity instrument within the scope of IAS 39 and is not within the scope of this Interpretation.
IFRIC5p11 IFRIC5p12
IFRIC5p4
1.
77
.

(d) interest expense. 3. by geographical area. and a measure of liabilities for each reportable segment if that amount is regularly provided to the chief operating decision-maker. Profit or loss.
IFRS8p23(a) 2.Disclosure checklist 2009 – Section D1 Y-NA-NM REF
D1
Operating segments
1. (e) depreciation and amortisation. an entity may report that segment’s interest revenue net of its interest expense and disclose that it has done so.
14p50
2. products and services. Disclose the following general information: (a) the factors used in identifying the entity’s reportable segments. or a combination of factors and whether operating segments have been aggregated). General disclosures
IFRS8p20
IFRS8p21
1.
IFRS8p22(a). if the information is included in the measure of segment profit or (f). Disclose the following information for each reportable segment (b). (h) income tax income or expense.(h).(c). even if not included in that measure of segment assets: (a) the amount of investments in associates and joint ventures accounted for using the equity method. Give reconciliations of balance sheet amounts for reportable segments to the entity’s balance sheet amounts for each date at which a balance sheet is presented. or is
Report interest revenue separately from interest expense for each reportable segment unless a majority of the segment’s revenues are from interest and the chief operating decision maker relies primarily on net interest revenue to assess the performance of the segment and make decisions about resources to be allocated to the segment.(g).(i) loss reviewed by the chief operating decision-maker. 2.
. (b)
3. post-employment benefit assets and rights arising under insurance contracts. (f) material items of income and expense disclosed in accordance with IAS 1 para 86.(d).
assets reviewed by the chief operating decision-maker or is otherwise regularly provided to the chief operating decision maker.(e).
81
Section D – Additional disclosures required of listed entities
otherwise regularly provided to them. Disclose information to enable users to evaluate the nature and financial effects of the business activities in which the entity engages and the economic environment in which it operates.
IFRS8p24(a). (b) revenues from transactions with other operating segments of the same entity. (c) interest revenue. deferred tax assets. even if not included in that measure of segment profit or loss: (a) revenues from external customers. (g) the entity’s interest in the profit or loss of associates and joint ventures accounted for by the equity method. Disclose the following about each reportable segment if the (b) specified amounts are included in the measure of segment
. including the basis of organisation (for example. and (b) the types of products and services from which each reportable segment generates revenues. and (b) the amount of additions to non-current assets other than financial instruments. and (i) material non-cash items (other than depreciation and amortisation). assets and liabilities
1. In that situation. Report a measure of profit or loss and total assets for each reportable segment.

IFRS8p27(a), 1. Provide an explanation of the measurements of profit or loss, (b),(c),(d),(e), assets and liabilities for each reportable segment, including: (f) (a) the basis of accounting for any transactions between

reportable segments; (b) the nature of any differences between the measurements of the reportable segments’ profits or losses and the entity’s profit or loss before income tax expense or income and discontinued operations. Those differences could include accounting policies and policies for allocation of centrally incurred costs that are necessary for an understanding of the reported segment information.; (c) the nature of any differences between the measurements of the reportable segments’ assets and the entity’s assets. Those differences could include accounting policies and policies for allocation of jointly used assets that are necessary for an understanding of the reported segment information; (d) the nature of any differences between the measurements of the reportable segments’ liabilities and the entity’s liabilities. Those differences could include accounting policies and policies for allocation of jointly utilised liabilities that are necessary for an understanding of the reported segment information; (e) the nature of any changes from prior periods in the measurement methods used to determine reported segment profit or loss and the effect, if any, of those changes on the measure of segment profit or loss; and (f) the nature and effect of any asymmetrical allocations to reportable segments (for example, where depreciation expense is allocated to a segment but the related asset is not).

(a) the total of reportable segments’ revenues to the entity’s revenue; (b) the total of the reportable segments’ measure of profit or loss to the entity’s profit or loss before tax and discontinued operations, unless items such as tax income and expense are allocated to segments, in which case the reconciliation may be to the entity’s profit or loss after those items; (c) the total of the reportable segments’ assets to those of the entity; (d) the total of the liabilities of the reportable segments to those of the entity (where segment liabilities are reported); and (e) for any other material item the total of the reportable segments’ amount to the corresponding amount for the entity.

Section D – Additional disclosures required of listed entities

IFRS8p29

5. Restatement of previously reported information
1. Where there has been a change in the composition of the entity’s reportable segments, disclose whether it has restated the corresponding items of segment information for earlier periods. Where there is such a change, restate corresponding information for earlier periods, including interim periods, unless the information is not available and the cost to develop would be excessive. Make this decision for each individual item of disclosure.

82

Disclosure checklist 2009 – Section D1 Y-NA-NM
IFRS8p30

REF

2.

Where there has been a change in the composition of the entity’s reportable segments and segment information for earlier periods, including interim periods, is not restated, the entity shall disclose in the year in which the change occurs segment information for the current period on both the old basis and the new basis of segmentation (unless the necessary information is not available and the cost to develop it would be excessive).

IFRS8p31 IFRS8p32

6. Entity-wide disclosures
1. Provide the following information if it is not provided as part of the reportable segment information. (a) the revenues from external customers for each product and service, or each group of similar products and services, unless the information is not available and the cost to develop it would be excessive, in which case, disclose that fact. (b) the amounts of the revenues are based on the revenue per the financial statements.

IFRS8p33(a), 2. Provide the following geographical information, unless the (b) necessary information is not available and the cost to develop it

would be excessive (if this is the case, disclose this fact): (a) revenues for external customers split between those attributable to the entity’s country of domicile and all foreign countries in total from which the entity derives revenues. Disclose the basis for attributing revenues from external customers to individual countries; If revenues from external customers attributed to an individual foreign country are material those revenues should be disclosed separately; and (b) non-current assets (other than financial instruments, deferred tax assets, post-employment benefit assets and rights arising under insurance contracts) split between those located in the entity’s country of domicile and those located in all foreign countries in total in which the entity holds assets. If assets in an individual foreign country are material, disclose those assets separately. The amounts of the assets and revenues are based on the amounts per the financial statements. An entity may provide, in addition to this information, subtotals of geographical information about groups of countries.

IFRS8p34

3.

Provide information about the extent of the entity’s reliance on its major customers. If revenues from transactions with a single external customer are 10% or more of the entity’s revenues, disclose that fact, along with the total amounts of revenues from each such customer and the identity of the segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. A group of entities (or government – national,, state, provincial, territorial, local, foreign) under common control shall be considered a single customer.

7p50(d)

7. Other disclosures impacted by the early adoption of IFRS 8
a non-current asset (or disposal group) has been either classified as held for sale or sold, the reportable segment in which the non-current asset (or disposal group) is presented.

IFRS5p41(d) 1. Non-current assets held for sale. Disclose in the period in which

2. Statement of cash flows. An entity is encouraged, but not required, to disclose the amount of cash flows arising from the operating, investing and financing activities of each reportable segment.

83

Section D – Additional disclosures required of listed entities

Disclosure checklist 2009 – Sections D1-D2 Y-NA-NM
36p129

REF

3. Impairment. An entity that reports segment information in accordance with IFRS 8 discloses the following for each reportable segment: (a) the amount of impairment losses recognised in profit or loss and directly in equity during the period; and (b) the amount of reversals of impairment losses recognised in profit or loss and directly in equity during the period.

36p130(c),(i), 4. Disclose for each material impairment loss recognised or (ii) reversed during the period for an individual asset, including

IFRS5p41(d)

goodwill, or a cash-generating unit: (a) for an individual asset: (i) the nature of the asset; and (ii) if the entity reports segment information in accordance with IFRS 8, the reportable segment to which the asset belongs; and (b) for a cash-generating unit: (i) a description of the cash-generating unit (such as whether it is a product line, a plant, a business operation, a geographical area, or a reportable segment as defined in IFRS 8); and (ii) the amount of impairment loss recognised or reversed by class of assets and, if the entity reports segment information in accordance with IFRS 8, by reportable segment.

D2
33p2,3

Earnings per share
1. An entity that discloses earnings per share should calculate and disclose earnings per share in accordance with IAS 33. Earnings per share disclosures are required for entities whose ordinary shares or potential ordinary shares are publicly traded and for entities that are in the process of issuing ordinary shares or potential ordinary shares in public markets. 2. Present on the face of the income statement basic and diluted earnings per share for profit or loss from continuing operations attributable to the ordinary equity holders of the parent entity, and for profit or loss attributable to the ordinary equity holders of the parent entity for the period for each class of ordinary shares that has a different right to share in profit for the period. Present basic and diluted earnings per share with equal prominence for all periods presented.

33p66

33p67

Section D – Additional disclosures required of listed entities

33p68

3. Present earnings per share for every period for which an income statement is presented. If diluted earnings per share is reported for at least one period, it should be reported for all periods presented, even if it equals basic earnings per share. If basic and diluted earnings per share are equal, dual presentation can be achieved in one line on the face of the income statement. 4. An entity that reports a discontinuing operation should disclose the basic and diluted amounts per share for the discontinuing operation either on the face of the income statement or in the notes to the financial statements. 5. Present basic and diluted earnings per share, even if the amounts are negative (a loss per share). 6. Disclose: (a) the amounts used as the numerators in calculating basic and diluted earnings per share, and a reconciliation of those amounts to profit or loss attributable to the parent entity for the period. The reconciliation should include the individual effect of each class of instruments that affects earnings per share;

33p69

33p70(a)

84

and (c) instruments (including contingently issuable shares) that could potentially dilute basic earnings per share in the future. If an entity discloses. The disclosure of the terms and conditions of such financial instruments and other contracts is encouraged. including whether amounts per share are before tax or after tax.Disclosure checklist 2009 – Section D2 Y-NA-NM
33p70(b)
REF
7. calculate such amounts using the weighted average number of ordinary shares determined in accordance with this standard. Indicate the basis on which the numerator(s) is (are) determined. Disclose basic and diluted amounts per share relating to such a component with equal prominence and present in the notes to the financial statements. These terms and conditions may determine whether any potential ordinary shares are dilutive and. that occur after the balance sheet date and that would have changed significantly the number of ordinary shares or potential ordinary shares outstanding at the end of the period if those transactions had occurred before the end of the reporting period. if so. in addition to basic and diluted earnings per share. Examples are provided in IAS 33 para 71.
85
Section D – Additional disclosures required of listed entities
. The reconciliation should include the individual effect of each class of instruments that affects earnings per share. Financial instruments generating potential ordinary shares may incorporate terms and conditions that affect the measurement of basic and diluted earnings per share. if not otherwise required (refer to IFRS 7). Provide a description of ordinary share transactions or potential ordinary share transactions. but were not included in the calculation of diluted earnings per share because they are antidilutive for the period(s) presented. amounts per share using a reported component of the income statement other than one required by IAS 33.
33p70(c)
33p70(d)
(b) the weighted average number of ordinary shares used as the denominator in calculating basic and diluted earnings per share. and a reconciliation of these denominators to each other. provide a reconciliation between the component used and the line item that is reported in the income statement. 9. If a component of the income statement is used that is not reported as a line item in the income statement. other than those accounted for in accordance with IAS 33 para 64. the effect on the weighted average number of shares outstanding and any consequent adjustments to profit or loss attributable to equity holders.
33p72
33p73
8.

(c) the process used to determine the assumptions that have the greatest effect on the measurement of the recognised amounts described in (b) above. of the amounts recognised in the balance sheet. showing separately the effect of each change that has a material effect on the financial statements. If the insurer is a cedant. income and expense (and. including a description of how management determines concentrations and a description of the shared characteristic that identifies each concentration (for example. Disclose information that enables users of its financial statements to evaluate the nature and extent of risks arising from insurance contracts. policies and processes for managing risks arising from insurance contracts and the methods used to manage those risks. This may take the form of an analysis. Disclose information that identifies and explains the amounts in its financial statements arising from insurance contracts. income and expense. type of insured event. if any. cash flows) arising from insurance contracts. or currency). and (e) reconciliations of changes in insurance liabilities. liabilities. Disclose at least the following: (a) objectives. if the insurer presents cash flow statement using the direct method. The disclosure about claims development shall go back to the period when the earliest material claim arose for which there is still uncertainty about the amount and timing of the claims payments. including information about: (i) sensitivity to insurance risk (see IFRS 4 para 39A) of profit or loss and equity to changes in variables that have a material effect on them. liquidity risk and market risk that IFRS 7 paras 31-42 would require if the insurance contracts were within the scope of IFRS 7: (i) an insurer need not provide the maturity analysis required by IFRS 7 para 39(a) if it discloses information about the estimated timing of the net cash outflows resulting from recognised insurance liabilities instead.Disclosure checklist 2009 – Section E Y-NA-NM REF
E
Additional disclosures required of entities that issue insurance contracts
1. (d) information about credit risk. reinsurance assets and. when practicable. (iii) actual claims compared with previous estimates (claims development). liabilities. 2. (b) the recognised assets. but need not go back more than 10 years. (b) [deleted by the standard]. related deferred acquisition costs. also provide quantified disclosure of those assumptions. and
IFRS4p36
IFRS4p37
IFRS4p38
IFRS4p39
89
Section E – Disclosures for issuers of insurance contracts
. (ii) concentrations of insurance risk. An insurer need not disclose this information for claims for which uncertainty about the amount and timing of claims payments is typically resolved within one year. (d) the effect of changes in assumptions used to measure insurance assets and insurance liabilities. it should disclose: (i) gains and losses recognised in profit or loss on buying reinsurance. (c) information about insurance risk (both before and after risk mitigation by reinsurance). by estimated timing. Disclose at least the following: (a) accounting policies for insurance contracts and related assets. and (ii) if the cedant defers and amortises gains and losses arising on buying reinsurance. geographical area. the amortisation for the period and the amounts remaining unamortised at the beginning and end of the period.

their carrying amount at the time of derecognition. was issued in August 2005. the methods and assumptions used in preparing the sensitivity analysis. 6. its carrying amount. and any changes from the previous period in the methods and assumptions used. if an insurer uses an alternative method to manage sensitivity to market conditions. Applying the liability adequacy test (IFRS 4 paras 15-19) to such comparative information may be impracticable. when an entity first applies IFRS 4. to prepare information about claims development that occurred before the beginning of the earliest period for which an entity presents full comparative information that complies with IFRS 4. IFRS4p41A
Section E – Disclosures for issuers of insurance contracts
90
. If an entity cannot measure reliably the fair value of that feature. and the amount of gain or loss recognised. disclose that fact together with a description of the contract.
In applying IFRS 4 para 39(c)(iii) – disclosure of actual claims compared with previous estimates – an entity need not disclose information about claims development that occurred earlier than five years before the end of the first financial year in which it applies IFRS 4. if financial instruments whose fair value previously could not be reliably measured are derecognised. Amendments to IAS 39 and IFRS 4. The disclosure requirements for financial guarantees are included in Section A8. that fact. such as an embedded value analysis. However. information about the market for the instrument. and information about those terms and conditions of insurance contracts that have a material effect on the amount. ‘Financial guarantee contracts’. If it is impracticable.
39p103B. but it is unlikely to be impracticable to apply other requirements of IFRS 4 paras 10-35 to such comparative information. A new definition of financial guarantee contracts was added in IAS 39 and IFRS 4. such as an embedded value analysis.
IFRS7p30
IFRS4p44
5. and (e) information about exposures to market risk arising from embedded derivatives contained in a host insurance contract if the insurer is not required to. it may meet this requirement by disclosing that alternative sensitivity analysis and the disclosures required by paragraph 41 of IFRS 7. disclose that fact. Such an insurer should also provide the disclosures required by IFRS 7 para 41. and does not. an explanation of why fair value cannot be measured reliably. it may use that sensitivity analysis to meet the requirement in paragraph 40(a) of IFRS 7 para 40(a). IAS 8 explains the term ‘impracticable’.Disclosure checklist 2009 – Section E Y-NA-NM REF
3.11. measure the embedded derivatives at fair value. information about whether and how the entity intends to dispose of the instrument and. disclose either: (a) a sensitivity analysis that shows how profit or loss and equity would have been affected had changes in the relevant risk variable that were reasonably possible at the balance sheet date occurred. or (b) qualitative information about sensitivity. 4. timing and uncertainty of the insurer’s future cash flows. To comply with IFRS 4 para 39(c)(i). Some financial assets and financial liabilities contain a discretionary participation feature as described in IFRS 4.
(ii) if an insurer uses an alternative method to manage sensitivity to market conditions.

Disclose in the statement of net assets available for benefits: (a) assets at period end. 22 and 36 provide guidance on disclosures.
95
Section F – Disclosures required for retirement benefit plans
. (vi) administrative expenses. (v) type of plan (defined contribution or defined benefit). (vii) description of retirement benefits promised to participants. 26p13. and (e) liabilities other than the actuarial present value of promised retirement benefits. (iv) number of other participants (classified as appropriate).Disclosure checklist 2009 – Section F Y-NA-NM REF
F
26p13
Disclosures required for retirement benefit plans
1. and 26p32 (e) for plan investments for which an estimate of fair value is not possible. IAS 26 paras 16. (c) details of any single investment exceeding 5% of net assets available for benefits. (ii) employee contributions. or (ii) a reference to this information in an accompanying actuarial report. (vi) whether participants contribute to the plan. (ix) profits and losses on disposal of investments. (viii) taxes on income. interest and dividends). whether defined benefit or defined contribution. for example. (iii) investment income (for example. Include in the report of a defined benefit plan either: (a) a statement that shows: (i) the net assets available for benefits. (ii) employee groups covered. or 5% of any class or type of security.
26p17. 26p36. including: (i) employer contributions. Include in the report provided by a defined contribution plan: (a) a statement of net assets available for benefits. (x) changes in value of investments. (iv) other income. (vii) other expenses. 34(c) (d) a description of the plan. which may include the following details and the affect o f any changes during the period: (i) names of employers. death and disability benefits. 35(c) (b) a description of the funding policy. and (b) a description of the funding policy. and (iii) the resulting excess or deficit. 26p34(b) (c) a summary of significant accounting policies. and (ix) changes in the above items during the period covered by the report. 35(d)
26p35(a)
26p34(a) 26p35(b)
4. (viii) description of any plan termination terms. 2. 3. the reason why fair value is not used. distinguishing between vested benefits and non-vested benefits. (b) basis of valuation of assets. or (b) a statement of net assets available for benefits including either: (i) a note disclosing the actuarial present value of promised retirement benefits. should also contain the following information: (a) statement of changes in net assets available for benefits. suitably classified. (ii) the actuarial present value of promised retirement benefits. (v) benefits paid or payable (analysed. The report of a retirement benefit plan. as retirement. distinguishing between vested benefits and non-vested benefits. (d) details of any investment in the employer. and (xi) transfers from and to other plans. and lump-sum payments). (iii) number of participants receiving benefits.

(d) the effect of any changes in actuarial assumptions that have had a significant effect on the actuarial present value of promised retirement benefits.
96
.Section F – Disclosures required for retirement benefit plans
Disclosure checklist 2009 – Section F Y-NA-NM
26p35(e)
REF
26p17 26p35(e)
26p18
26p19
5. and (e) an explanation of the relationship between the actuarial present value of promised retirement benefits and the net assets available for benefits. (c) the method used to calculate present value of promised retirement benefits.
For defined benefit plans. (b) date of the most recent actuarial valuation. disclose the following: (a) significant actuarial assumptions made.

Companies may present. IFRS does not address the requirements for information to be included in a directors’ report or financial commentary. Information provided also should relate to all separate segments of the company. Provide the information specified below as well as such other information that is necessary for an investor’s understanding of the company’s financial condition. if management believes these will assist users in making economic decisions. Provide information regarding significant factors. provide environmental reports. materially affecting the company’s income from operations. the existence of such
99
Section G – Dislcosures outside of financial statements
. Operating Results. Outside the financial statements. if material. indicating the extent to which income was so affected. to the extent necessary for an understanding of the company’s business as a whole. (b) Describe the impact of inflation. a financial review by management that describes and explains the main features of the entity’s financial performance and financial position and the principal uncertainties it faces. 1p13
Suggested disclosures for financial review outside the financial statements
1. changes in financial condition and results of operation. including unusual or infrequent events or new developments. 1p14
2. These requirements are generally determined by local laws and regulations. value-added statements. comprising recommended disclosure standards including an operating and financial review and discussion of future prospects. including its dividend policy. (a) To the extent that the financial statements disclose material changes in net sales or revenues. provide a narrative discussion of the extent to which such changes are attributable to changes in prices or to changes in the volume or amount of products or services being sold or to the introduction of new products or services. The text of IOSCO’s standard on ‘Operating and Financial Reviews and Prospects’ is reproduced below: 1. Describe any other significant component of revenue or expenses necessary to understand the company’s results of operations. IOSCO standards for prospectuses are not mandatory. including changes in the environment in which the entity operates. the entity’s response to those changes and their effect. including the causes of material changes from year to year in financial statement line items. Outside the financial statements – provide a review of: (a) the main factors and influences determining performance. and the entity’s policy for investment to maintain and enhance performance.
IOSCO’s standard on operating and financing reviews for prospectuses
In 1998. and (c) the entity’s resources not recognised in the balance sheet in accordance with IFRS.Disclosure checklist 2009 – Section G Y-NA-NM REF
G
DV.
DV. but they will increasingly be incorporated in national stock exchange requirements both for prospectuses and annual reports. changes in financial condition and results of operations for each year and interim period for which financial statements are required. Discuss the company’s financial condition. If the currency in which financial statements are presented is of a country that has experienced hyperinflation. IOSCO issued ‘International Disclosure Standards for Cross-Border Offerings and Initial Listings for Foreign Issuers’. (b) the sources of funding and its targeted ratio of liabilities to equity. outside the financial statements. etc.

sales and inventory. if not. any known trends. 3. profitability. and the use of financial instruments for hedging purposes. currency and interest rate structure. the extent to which borrowings are at fixed rates. the state of the order book and costs and selling prices since the latest financial year. the currencies in which cash and cash equivalents are held. or. a five year history of the annual rate of inflation and a discussion of the impact of hyperinflation on the company’s business should be disclosed. The following information should be provided: (a) Information regarding the company’s liquidity (both short and long term). The discussion also should include funding and treasury policies and objectives in terms of the manner in which treasury activities are controlled. how it proposes to provide the additional working capital needed. including the amount spent during each of the last three financial years on company-sponsored research and development activities. with a description of any restrictions on their use. for at least the current financial year. the seasonality of borrowing requirements and the maturity profile of borrowings and committed borrowing facilities. Liquidity and Capital Resources. (b) Information regarding the type of financial instruments used. uncertainties. income from continuing operations. in its opinion. the company’s operations or investments by host country shareholders. Research and Development. Provide a description of the company’s research and development policies for the last three years.
100
. where it is significant.Disclosure checklist 2009 – Section G Y-NA-NM REF
Section G – Dislcosures outside of financial statements
2. Trend Information. the maturity profile of debt. Include a statement by the company that. and (iii) information on the level of borrowings at the end of the period under review. (d) Provide information regarding any governmental economic. or that would cause reported financial information not necessarily to be indicative of future operating results or financial condition. the working capital is sufficient for the company’s present requirements.
inflation. (ii) an evaluation of the sources and amounts of the company’s cash flows. fiscal.
4. if material. The company also should discuss. The company should identify the most significant recent trends in production. directly or indirectly. (c) Provide information regarding the impact of foreign currency fluctuations on the company. (c) Information regarding the company’s material commitments for capital expenditures as of the end of the latest financial year and any subsequent interim period and an indication of the general purpose of such commitments and the anticipated sources of funds needed to fulfil such commitments. demands. and the extent to which foreign currency net investments are hedged by currency borrowings and other hedging instruments. monetary or political policies or factors that have materially affected. loans or advances and the impact such restrictions have had or are expected to have on the ability of the company to meet its cash obligations. or could materially affect. including the nature and extent of any legal or economic restrictions on the ability of subsidiaries to transfer funds to the company in the form of cash dividends. including: (i) a description of the internal and external sources of liquidity and a brief discussion of any material unused sources of liquidity. Patents and Licenses etc. liquidity or capital resources. commitments or events that are reasonably likely to have a material effect on the company’s net sales or revenues.

direct finance leases and any other class of receivables. a liability for contingent consideration. IFRS3pB64(j) (j) for each contingent liability recognised in accordance with IFRS 3 para 23. including the number of instruments or interests issued or issuable and the method of determining the fair value of those instruments or interests. If the maximum amount of the payment is unlimited. The acquirer discloses information that enables users of its financial statements to evaluate the nature and financial effect of a business combination that occurs either: IFRS3p59 (a) (a) during the current reporting period. or IFRS3p59 (b) (b) after the end of the reporting period but before the financial statements are authorised for issue. If a contingent liability is not recognised because its fair value cannot be measured reliably. IFRS3pB64(h) (h) for acquired receivables: IFRS3pB64(h)(i) (i) the fair value of the receivables. such as: (i) cash. (ii) other tangible or intangible assets.
IFRS3p60
IFRS3pB64
2. the information required in IFRS 3 para 85 of IAS 37. the acquirer discloses that fact. the acquirer discloses the information specified in paras B64-B66. including a business or subsidiary of the acquirer. IFRS3pB64(g) (g) for contingent consideration arrangements and indemnification assets: IFRS3pB64(g)(i) (i) the amount recognised as of the acquisition date.
. (iii) liabilities incurred − for example. IFRS3pB64(a) IFRS3pB64(b) IFRS3pB64(c) IFRS3pB64(d) IFRS3pB64(e) IFRS3pB64(f) IFRS3pB64(f)(i) IFRS3pB64(f)(ii) IFRS3pB64(f)(iii) IFRS3pB64(f)(iv)
For each business combination that took effect during the reporting period. such as expected synergies from combining operations of the acquiree and the acquirer. General disclosures
IFRS3p59
1. IFRS3pB64(g)(ii) (ii) a description of the arrangement and the basis for determining the amount of the payment. IFRS3pB64(h)(ii) (ii) the gross contractual amounts receivable. contingent liabilities and contingent assets’. if a range cannot be estimated. IFRS3pB64(i) (i) the amounts recognised as of the acquisition date for each major class of assets acquired and liabilities assumed. Business combinations and consequential amendments
1. and (iv) equity interests of the acquirer. and intangible assets that do not qualify for separate recognition or other factors. ‘Provisions. that fact and the reasons why a range cannot be estimated. such as loans. and IFRS3pB64(g)(iii) (iii) an estimate of the range of outcomes (undiscounted) or. disclose: (a) the name and a description of the acquiree (b) the acquisition date.Disclosure checklist 2009 – Section H1 Y-NA-NM REF
H1
IFRS 3 Amendment. (c) the percentage of voting equity interests acquired. the acquirer discloses: IFRS3pB64(j)(i) (i) the information required by paragraph 86 of IAS 37. The disclosures should be provided by major class of receivable. (e) a qualitative description of the factors that make up the goodwill recognised. To meet the objective in IFRS 3 para 59. (d) the primary reasons for the business combination and a description of how the acquirer obtained control of the acquiree. and IFRS3pB64(h)(iii) (iii) the best estimate at the acquisition date of the contractual cash flows not expected to be collected.
103
Section H – Early-adoption disclosures
3. (f) the acquisition-date fair value of the total consideration transferred and the acquisition-date fair value of each major class of consideration.

If disclosure of any of the information required by this subparagraph is impracticable. and IFRS3pB64(n) (ii) (ii) a description of the reasons why the transaction resulted in a gain. IFRS3pB64(p) (p) in a business combination achieved in stages: IFRS3pB64(p)(i) (i) the acquisition-date fair value of the equity interest in the acquiree held by the acquirer immediately before the acquisition date. the valuation techniques and key model inputs used for determining that value. the method used to determine the settlement amount. IFRS3pB64(l) (l) for transactions that are recognised separately from the acquisition of assets and assumption of liabilities in the business combination in accordance with IFRS 3 para 51: IFRS3pB64(l)(i) (i) a description of each transaction.23 for detailed IAS 37 para 86 disclosure requirements). and IFRS3pB64(k) (k) the total amount of goodwill that is expected to be deductible for tax purposes. and IFRS3pB64(q) (q) the following information: IFRS3pB64(q)(i) (i) the amounts of revenue and profit or loss of the acquiree since the acquisition date included in the consolidated statement of comprehensive income for the reporting period. Also disclose the amount of any issue costs not recognised as an expense and how they were recognised. and IFRS3pB64(l)(iv) (iv) if the transaction is the effective settlement of a pre- existing relationship. changes in accounting estimates and errors’. IFRS3pB64(n) (n) in a bargain purchase (see IFRS 3 paras 34–36): IFRS3pB64(n)(i) (i) the amount of any gain recognised in accordance with IFRS 3 para 34 and the line item in the statement of comprehensive income in which the gain is recognised. the amount of those costs recognised as an expense and the line item or items in the statement of comprehensive income in which those expenses are recognised.16 for detailed IAS 37 para 85 disclosure requirements and to Section A5. IFRS3pB64(m) (m) the disclosure of separately recognised transactions required by IFRS 3p64(l) includes the amount of acquisition-related costs and. and IFRS3pB64(q)(ii) (ii) the revenue and profit or loss of the combined entity for the current reporting period as though the acquisition date for all business combinations that occurred during the year had been as of the beginning of the annual reporting period. the acquirer discloses that fact and explains why the disclosure is impracticable. IFRS3pB64(l)(iii) (iii) the amounts recognised for each transaction and the line item in the financial statements in which each amount is recognised. ‘Accounting policies. separately. IFRS3pB64(l)(ii) (ii) how the acquirer accounted for each transaction. and IFRS3pB64(p)(ii) (ii) the amount of any gain or loss recognised as a result of remeasuring to fair value the equity interest the in acquiree held by the acquirer before the business combination (see IFRS 3 para 42) and the line item in the statement of comprehensive income in which that gain or loss is recognised.
104
. and IFRS3pB64(o)(ii) (ii) for each non-controlling interest in an acquiree measured at fair value.
IFRS3pB64
IFRS3pB64(j)(ii)
Section H – Early-adoption disclosures
4. IFRS 3 uses the term ‘impracticable’ with the same meaning as in IAS 8. IFRS3pB64(o) (o) for each business combination in which the acquirer holds less than 100% of the equity interests in the acquiree at the acquisition date: IFRS3pB64(o)(i) (i) the amount of the non-controlling interest in the acquiree recognised at the acquisition date and the measurement basis for that amount.Disclosure checklist 2009 – Section H1 Y-NA-NM REF
(ii) the reasons why the liability cannot be measured reliably (refer to Section A5.

including any differences arising upon settlement. the acquirer discloses the information specified in IFRS 3 para B67. For contingent liabilities recognised in a business combination. the acquirer discloses the information required by IAS 37 paras 84 and 85 for each class of provision.Disclosure checklist 2009 – Section H1 Y-NA-NM
IFRS3pB65
REF
IFRS3pB66
5.
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Section H – Early-adoption disclosures
. or until the entity settles a contingent consideration liability or the liability is cancelled or expires: IFRS3pB67(b)(i) (a) any changes in the recognised amounts.
IFRS3pB67
To meet the objective in paragraph 61. liabilities. In that situation.
IFRS3p61
2. To meet the objective in IFRS 3 para 61. and IFRS3pB67(b)(iii) (c) the valuation techniques and key model inputs used to measure contingent consideration.
IFRS3p62
3. equity interests or items of consideration for which the initial accounting is incomplete. IFRS3pB67(b)(ii) (b) any changes in the range of outcomes (undiscounted) and the reasons for those changes. (ii) the assets. Refer to Section A5. Measurement period
1.
4. 2. liabilities. the acquirer describes which disclosures could not be made and the reasons why they cannot be made.
For individually immaterial business combinations occurring during the reporting period that are material collectively.16 for detailed IAS 37 para 84 and para 85 disclosure requirements. The acquirer discloses information that enables users of its financial statements to evaluate the financial effects of adjustments recognised in the current reporting period that relate to business combinations that occurred in the period or previous reporting periods. the acquirer discloses the information required by IFRS 3 para B64 unless the initial accounting for the business combination is incomplete at the time the financial statements are authorised for issue. 6. sells or otherwise loses the right to a contingent consideration asset. the acquirer discloses the following information for each material business combination or in the aggregate for individually immaterial business combinations that are material collectively: IFRS3pB67(a) (a) if the initial accounting for a business combination is incomplete (see IFRS 3 para 45) for particular assets. If the acquisition date of a business combination is after the end of the reporting period but before the financial statements are authorised for issue. (ii) combination is incomplete. non-controlling interests or items of consideration and the amounts recognised in the financial statements for the business combination have been determined only provisionally: IFRS3pB67 (i) the reasons why the initial accounting for the business (a)(i).
5. Contingent liabilities
IFRS3pB67(c)
1. Contingent consideration
IFRS3pB67(b)
1. Adjustments
1. and IFRS3pB67(a)(iii) (iii) the nature and amount of any measurement period adjustments recognised during the reporting period in accordance with IFRS 3 para 49. the acquirer discloses in aggregate the information required by paragraph B64(e)-(q). For each reporting period after the acquisition date until the entity collects.

(f) net exchange rate differences arising during the reporting period in accordance with IAS 21.
IFRS3p63
2. Disclose a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period showing separately: (a) the gross amount and accumulated impairment losses at the beginning of the reporting period. Apply the standard prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after 1 July 2009. (e) impairment losses recognised during the reporting period in accordance with IAS 36 (IAS 36 requires disclosure of information about the recoverable amount and impairment of goodwill in addition to this requirement). and IFRS3pB67 (e)(ii) (b) is of such a size.
If the specific disclosures required by this and other IFRSs do not meet the objectives set out in IFRS 3 paras 59 and 61.
7. disclose the amount of the unallocated goodwill together with the reasons why that amount remains unallocated.Disclosure checklist 2009 – Section H1 Y-NA-NM REF
6.
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. Early-adoption disclosure
3. However. Evaluation of the financial effects of gains and losses recognised in the current reporting period
IFRS3pB67 (e) 1. nature or incidence that disclosure is relevant to understanding the combined entity’s financial statements. and (g) any other changes in the carrying amount during the reporting period. If any portion of the goodwill recognised in a business combination during the period has not been allocated to a cash-generating unit (group of units) at the reporting date (see IAS 36 para 84). the acquirer discloses whatever additional information is necessary to meet those objectives. (b) additional goodwill recognised during the reporting period.
Disclose the amount and an explanation of any gain or loss recognised in the current reporting period that both: IFRS3pB67 (e)(i) (a) relates to the identifiable assets acquired or liabilities assumed in a business combination that was effected in the current or previous reporting period. Goodwill
IFRS3pB67 (d) IFRS3pB67 (d)(i) IFRS3pB67 (d)(ii)
IFRS3pB67 (d)(iii)
IFRS3pB67 (d)(v) IFRS3pB67 (d)(vi)
IFRS3pB67 (d)(iv) IFRS3pB67 (d)(vii) IFRS3pB67 (d)(viii) 36p133
1. disclose that fact and apply IAS 27 (as amended in 2008) at the same time.
Section H – Early-adoption disclosures
2. (h) the gross amount and accumulated impairment losses at the end of the reporting period. (d) goodwill included in a disposal group classified as held for sale in accordance with IFRS 5 and goodwill derecognised during the reporting period without having previously been included in a disposal group classified as held for sale. Earlier application is permitted. this IFRS is applied only at the beginning of an annual reporting period that begins on or after 30 June 2007. meets the criteria to be classified as held for sale in accordance with ‘IFRS 5. except goodwill included in a disposal group that. ‘The effects of changes in foreign exchange rates’. on acquisition. Non-current assets held for sale and discontinued operations’. If an entity applies this IFRS before 1 July 2009. (c) adjustments resulting from the subsequent recognition of deferred tax assets during the reporting period in accordance with IFRS 3 para 67.
IFRS3p64
8.

the tax relating to: (i) the gain or loss on discontinuance. the amount of that change. Disclose separately: (a) In respect of discontinued operations. together with the corresponding amounts for each prior period presented. Subsidiaries
27p41(a). (b).Disclosure checklist 2009 – Sections H1-H2 Y-NA-NM REF
12p81(h)
9. (c) the end of the reporting period of the financial statements of a subsidiary when such financial statements are used to prepare consolidated financial statements and are as of a date or for a period that is different from that of the parent’s financial statements. (b) The amount of income tax consequences of dividends to shareholders that were proposed or declared before the financial statements were authorised for issue. directly or indirectly through subsidiaries. (c) If a business combination in which the entity is the acquirer causes a change in the amount recognises for its pre- acquisition deferred tax asset (see IAS 12 para 67). (b) the reasons why the ownership. Other disclosures impacted by the early adoption of IFRS 3 Income taxes
1. (c)
27p41(d) 27p41(e) 27p41(f). a description of the event or change in circumstances that caused the deferred tax benefits to be recognised. and (h) the line item(s) in the statement of comprehensive income in which the gain or loss is recognised (if not presented separately in the statement of comprehensive income).(ii)
Disclose the following in the consolidated financial statements: (a) the nature of the relationship between the parent and a subsidiary when the parent does not own. and (f) if control of a subsidiary is lost. and (ii) the profit or loss from the ordinary activities of the discontinued operation for the period. and the reason for using a different date or period.
12p81(h)
12p81(h)
12p81(h)
H2
IAS 27 Amendment. (d) the nature and extent of any significant restrictions (eg resulting from borrowing arrangements or regulatory requirements) on the ability of subsidiaries to transfer funds to the parent in the form of cash dividends or to repay loans or advances. Consolidated and separate financial statements
Section H – Early-adoption disclosures
1. the parent shall disclose the gain or loss. directly or indirectly through subsidiaries. (g) the portion of that gain or loss attributable to recognising any investment retained in the former subsidiary at its fair value at the date when control is lost. (e) a schedule that shows the effects of any changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control on the equity attributable to owners of the parent. of more than half of the voting or potential voting power of an investee does not constitute control. if any. recognised in accordance with paragraph 34. but are not recognised as a liability in the financial statements.
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. and (d) If the deferred tax benefits acquired in a business combination are not recognised at the acquisition date but are recognised after the acquisition date (see IAS 12 para 68). more than half of the voting power.(i).

separately from the equity of the owners of the parent
27p45
4. However. Do not
27p45 (a)
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. disclose in the separate financial statements: (a) the fact that the financial statements are separate financial statements. (b) a list of significant investments in subsidiaries. even if this results in the non- controlling interests having a deficit balance.
27p43 (c)
27p27
2. if different. The amendments to IAS 27 made in 2008 apply for annual periods beginning on or after 1 July 2009. Other disclosures – accounting policies
1. including the name. country of incorporation or residence. Transition disclosures
1. jointly controlled entities and associates. When a parent (other than a parent covered by IAS 27 para 42). country of incorporation or residence. the name and country of incorporation or residence of the entity whose consolidated financial statements that comply with IFRS have been produced for public use. disclose that fact. disclose in those separate financial statements: (a) the fact that the statements are separate financial statements and the reasons why those statements are prepared if not required by law. including the name. or IAS 28 and IAS 31 to which they relate. in accordance with IAS 27 para 10. an entity should not apply these amendments for annual periods beginning before 1 July 2009 unless it also applies IFRS 3 (as revised in 2008). jointly controlled entities and associates. and (c) a description of the method used to account for the investments listed under (b). proportion of voting power held. (b) a list of significant investments in subsidiaries. if different. Also identify the financial statements prepared in accordance with IAS 27 para 9. The amendments apply retrospectively. Separate financial statements
1. that the exemption from consolidation has been used.
27p42 (a)
27p42 (b)
27p42 (c)
27p43
27p43 (a)
27p43 (b)
Section H – Early-adoption disclosures
27p43 (c)
27p43
27p42(c)
3. and the address where those consolidated financial statements are obtainable. Disclose in the parent’s separate financial statements (that elects not to prepare consolidated financial statements) the accounting policies adopted with respect to the investments listed under IAS 27 para 42(b). proportion of ownership interest and. with the following exceptions: (a) the amendment to IAS 27 para 28 for attributing total comprehensive income to the owners of the parent and to the non-controlling interests. 2.Disclosure checklist 2009 – Section H2 Y-NA-NM REF
27p42
2. and (c) a description of the method used to account for the investments listed under (b). Disclose in the parent’s separate financial statements the accounting policies adopted with respect to the investments listed under IAS 27 para 43(b) 3. proportion of voting power held. When separate financial statements are prepared for a parent that. Present non-controlling interests in the consolidated statement of financial position within equity. elects not to prepare consolidated financial statements. If an entity applies the amendments before 1 July 2009. proportion of ownership interest and. Earlier application is permitted. venturer with an interest in a jointly controlled entity or an investor in an associate prepares separate financial statements.

Disclose separately the aggregate cash flows arising from obtaining or losing control of subsidiaries or other businesses. the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8.
. and (iii) transactions with owners in their capacity as owners. Do not restate the carrying amount of an investment in a former subsidiary if control was lost before it applies those amendments. (b) the portion of the consideration consisting of cash and cash equivalents. and (c) for each component of equity. Therefore. Disclose. Other disclosures impacted by the early adoption of IAS 27
(a) Non-current assets held for sale – presenting income from continuing and discontinued operations Disclose the amount of income from continuing operations and from discontinued operations attributable to owners of the parent. (b) for each component of equity. and the amount of the assets and liabilities. separately disclosing changes resulting from: (i) profit or loss. and (c) the requirements in IAS 27 paras 34-37 for the loss of control of a subsidiary. the requirements in paras 30 and 31 do not apply to changes that occurred before an entity applies the amendments. or (d) other businesses over which control is obtained or lost. do not recalculate any gain or loss on the loss of control of a subsidiary that occurred before the amendments are applied.
(b) Statement of cash flows – changes in ownership interests in subsidiaries and other businesses
7p39
7p40(a). (b) the requirements in IAS 27 paras 30 and 31 for accounting for changes in ownership interests in a subsidiary after control is obtained.Disclosure checklist 2009 – Section H2 Y-NA-NM REF
27p45 (b)
27p45 (c)
therefore restate any profit or loss attribution for reporting periods before the amendment is applied. As a minimum the statement of financial position includes non- controlling interest. in aggregate.
5. These disclosures may be presented either in the notes or in the statement of comprehensive income. Present a statement of changes in equity showing in the statement: (a) total comprehensive income for the period. showing separately the total amounts attributable to (i) owners of the parent. in the subsidiaries or other businesses over which control is obtained or lost. summarised by each major category. (d) Changes in equity 1. in respect of both obtaining and losing (c). other than cash or cash equivalents.
IFRS5p 33 (d) 1.
(c) Information to be presented in the statement of financial position
1p54(q)
1p106(a)
1. (c) the amount of cash and cash equivalents in the subsidiaries. and (ii) non-controlling interests. (d) control of subsidiaries or other businesses during the period
each of the following: (a) the total consideration paid or received. a reconciliation between carrying amount at the beginning and the end of the period. (b). and classify the cash flows as investing activities. presented within equity. In addition. showing separately contributions by and distributions
1p106(b)
1p106 (d)
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Section H – Early-adoption disclosures
1. (ii) each item of other comprehensive income. 2.

Early application is permitted provided that IAS 27 (2008) is applied at the same time. with early application permitted provided that IFRS 3 (revised). provides guidance on distributions of non- cash assets to owners. discloses that fact. and (b) total comprehensive income for the period attributable to: (i) non-controlling interest. and (ii) owners of the parent. the assumptions applied. 2. in whole or in part. (b) the carrying amount of the asset to be distributed as of the end of the reporting period.
110
. and distributions in which the owner is given the choice of receiving either non-cash assets or a cash alternative.
IFRIC17p18
IFRIC17p15
IFRIC17p16 3. and (ii) owners of the parent. directly by reference to published price quotations in an active market or are estimated using a valuation technique and the method used to determine fair value and. IAS 27 (revised) and the related amendments to IFRS 5 are applied at the same time. Disclose in the statement of comprehensive income as allocations for the period: (a) profit or loss attributable to: (i) non-controlling interest. If an entity applies the IFRS 5 amendments before 1 July 2009.Disclosure checklist 2009 – Sections H2-H4 Y-NA-NM REF
1p83(a)
to owners and changes in ownership interests in subsidiaries that do not result in a loss of control
(e) Information to be presented in the statement of comprehensive income 1. ‘Distributions of non-cash assets to owners’. Distributions of non-cash assets to owners
1. If the entity declares a dividend to distribute a non-cash asset after the end of a reporting period but before the financial statements are authorised for issue.
IFRIC17p16(b)
beginning and end of the period. IFRIC 17 is applied prospectively for annual periods beginning on or after 1 July 2009. When an entity settles a dividend payable. For distributions disclose: IFRIC17p16(a) (a) the carrying amount of the dividend payable at the
IFRIC17p17
4. when a valuation technique is used. published in 2008. and (b) the increase or decrease in the carrying amount recognised in the period as a result of the change in the fair value of the assets to be distributed. Presenting discontinued operations An entity that is committed to a sale plan involving the loss of control of a subsidiary discloses the information required by IFRS 5 paras 33 and 36 when the subsidiary is a disposal group that meets the definition of a discontinued operation in accordance with IFRS 5 para 32). and (c) whether fair values are determined.
IFRSp36A
Section H – Early-adoption disclosures
H4
IFRIC 17. disclose: (a) the nature of the asset to be distributed. Retrospective application is not permitted. present any difference between the carrying amount of the assets distributed and the carrying amount of the dividend payable as a separate line item in profit or loss.
1p83(b)
H3
Amendments to IFRS 5 Non-current assets held for sale and discontinued operations
Early adoption The amendment to IFRS 5 as a result of the ‘Improvements to IFRSs 2008’ is effective for annual periods beginning on or after 1 July 2009. IFRIC 17.

2.Disclosure checklist 2009 – Sections H5-H6 Y-NA-NM REF
H5
IFRIC 18.
IFRS5p5B
2. plant and equipment (or cash to acquire it) for entities that receive such contributions from their customers. provided that the necessary valuations and other information were obtained at the time those transfers occurred.
111
Section H – Early-adoption disclosures
. Disclose the measure of total assets and liabilities for each reportable segment if such amounts are regularly provided to the chief operating decision maker. earlier application is permitted. In particular. Disclosures in other IFRSs do not apply to such assets (or disposal groups) unless those IFRSs require: (a) specific disclosures in respect of non-current assets (or disposal groups) classified as held for sale or discontinued operations. IFRS 8. Recipients should not act on the basis of this checklist without seeking professional advice. or (b) disclosures about measurement of assets and liabilities within a disposal group that are not within the scope of the measurement requirement of IFRS 5 and such disclosures are not already provided in other notes to the financial statements. Transfers of Assets from Customers
Early adoption IFRIC 18. Operating segments
IFRS8
Operating segments information about profit or loss. Non-current assets held for sale and discontinued operations
Presenting non-current assets held for sale and discontinued operations An entity with non-current assets (or disposal groups) classified as held for sale or discontinued operations applies the disclosure requirements of IFRS 5. provides guidance on transfers of property. ‘Transfers of Assets from Customers’.
IFRIC18p22
H6
Improvements to IFRS 2009 (annual improvements project)
1. An entity discloses the date from which the interpretation was applied. published in 2009. assets and liabilities 1. IFRS 5.
IFRS Disclosure checklist 2009 is designed for the information of readers. this checklist is not intended as a study of all aspects of IFRS. information contained in this publication may not be comprehensive or may have been omitted that may be relevant to a particular reader. Disclose the measure of profit or loss for each reportable segment. or as a substitute for reading the standards and interpretations when dealing with specific issues. No responsibility for loss to any person acting or refraining from acting as a result of any material in this checklist can be accepted by PricewaterhouseCoopers. IFRIC 18 is applied prospectively to transfers of assets from customers received on or after 1 July 2009.s. While every effort has been made to ensure accuracy.

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PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2009
IFRS surveys and market issues
Presentation of income under IFRS
Trends in use and presentation of non-GAAP income measures in IFRS ﬁnancial statements.

Recasting the reporting model

Survey of corporate entities and investors, and PwC insights on how to simplify and enhance communications.

Corporate reporting: is it what investment professionals expect?

IFRS: The European investors’ view
Impact of IFRS reporting on fund managers’ perceptions of value and their investment decisions.

Measuring assets and liabilities

Joining the dots – survey of narrative reporting practices

Survey of investment professionals, looking at their use of the balance sheet in analysing performance and the measurement bases for assets and liabilities that best suit their needs.

Survey looking at the information that companies provide, and whether investors and analysts have the information they need to assess corporate performance.

IFRS 7: Potential impact of market risks

Examples of how market risks can be calculated.

Survey of the quality of narrative reporting among FTSE 350 companies, identifying where action is needed in the next reporting cycle for companies to gain a competitive edge and help restore trust in this tough economic environment.

Performance statement: coming together to shape the future

The EU Transparency Directive

2007 survey of what investment professionals and corporate management require to assess performance.

Global magazine with news and opinion articles on the latest developments and trends in governance, ﬁnancial reporting, narrative reporting, sustainability and assurance.

IFRS for SMEs publications
IFRS for SMEs – pocket guide 2009
Provides a summary of the recognition and measurement requirements in the ‘IFRS for small and medium-sized entities’ published by the International Accounting Standards Board in July 2009.

IFRS for SMEs – Illustrative consolidated nancial statements 2010
Realistic set of ﬁnancial statements prepared under IFRS for small and medium entities, illustrating the required disclosure and presentation.

Similarities and differences – a comparison of ‘full IFRS’ and IFRS for SMEs
60-page publication comparing the requirements of the IFRS for small and medium-sized entities with ‘full IFRS’ issued up to July 2009. An executive summary outlines some key differences that have implications beyond the entity’s reporting function.

Hard copies can be ordered from cch.co.uk/ifrsbooks (unless indicated otherwise) or via your local PricewaterhouseCoopers office. See the full range of our services at www.pwc.com/ifrs IFRS tools
Comperio – Your path to knowledge
On-line library of global ﬁnancial reporting and assurance literature. Contains full text of ﬁnancial reporting standards of US GAAP and IFRS, plus materials of speciﬁc relevance to 10 other territories. Register for a free trial at www.pwccomperio.com

PwC inform – IFRS on-line

P2P IFRS – from principle to practice Interactive IFRS training

On-line resource for ﬁnance professionals globally, covering ﬁnancial reporting under IFRS (and UK GAAP). Use PwC inform to access the latest news, PwC guidance, comprehensive research materials and full text of the standards. The search function and intuitive layout enable users to access all they need for reporting under IFRS. Register for a free trial at www.pwcinform.com

PwC’s interactive electronic learning tool brings you up to speed on IFRS. Contains 23 hours of learning in 40 interactive modules. Up to date as of March 2009. For more information, visit www.pwc.com/ifrs

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